Malta
In 2002, Transend signed a two-year management services contract for the management and operations of Maltapost. This contract was extended until the end of March 2005. Separately, in the first-ever international investment of this type, Transend took a 35% equity stake in Maltapost. We appointed a Chief Executive and two other senior managers. Two New Zealand Post executives were also appointed to the Maltapost Board of Directors.


As part of the two-year agreement, Transend developed and implemented a three-year business plan covering product development/pricing, operational reform, UPU and international relations, philatelic, electronic and other business opportunities, counter automation implementation, couriers and express mail, retail renewal, and international expansion.

A significant improvement in financial results has been achieved with the company moving from a loss-making position to profitability.