In the summer of 2006 the newspaper publishers Madsack, M. DuMont Schauberg, Rheinisch-Bergische Verlagsgesellschaft and W. Girardet merged their postal services divisions into the company, receiving in return a 10 per cent holding of PIN Group AG.
Following the takeover of Briefnetz Süd GmbH & Co. KG (BNS), a consortium of postal services providers owned by 12 newspaper publishers in Bavaria and Baden-Württemberg, since April 2007 the PIN Group has operated a mail delivery network throughout the whole of Germany.
The chairman of the executive board, Günter Thiel announced that the company planned to expand to more than 20,000 employees by the end of 2007 [1] In the autumn of 2007 PIN Group successfully acquired business from a variety of Germany cooperative savings banks.
[5] Reports at the end of January 2008 stated that chairman Horst Piepenburg had entered discussions with American holdings, including the Blackstone Group, Kohlberg Kravis Roberts (KKR) and Advent International,[6] although the company subsequently denied the claim.
[9] A number of trade unions and employee representatives have protested at the treatment and employment terms of PIN staff claiming that the company can only undercut Deutsche Post postal charges by hiring cheap workers on salaries just above the minimum wage.
In November 2007, with the impending advent of privatisation raising awareness of the issue, a number of areas of the media - led by newspapers belonging to leading shareholder Axel Springer - condemned moves by politicians and the unions to introduce a minimum wage for postal workers.