The first tournament is scheduled for April 2019 and will take place in Eindhoven to coincide with the opening of a new DPD distribution centre.

The tournament will be known as the DPD Open and will feature both men's and women's events.

Additionally, three promotional glass court events will be held at "iconic" locations throughout The Netherlands to celebrate the partnership.

DPD Netherlands will also become the headline sponsor of the Dutch Squash Federation, which includes all National Championships, the Dutch Junior Open and the TMG Junior Series.

The Junior Series is the official junior squash circuit in The Netherlands.

PSA chief commercial officer Tommy Berden welcomed the partnership.

"We are pleased to sign this agreement with DPD Netherlands and are looking forward to bringing world-class squash back to the Netherlands in April," he said.

"DPD are an internationally recognised brand and have shown a significant commitment to supporting squash in The Netherlands, from the junior level right up to the professional circuit.

"We are excited to work with DPD over the course of the agreement and are confident of putting on a great event on their new premises next year."

The DPD Netherlands chief executive Eric Dietz added: "We see a clear match between our company and squash.

"The sport is fast and dynamic and the professional game in particular is developing rapidly through a range of innovations.

"Being able to host a major professional sporting event at our own site to mark the opening of our new headquarters and distribution centre is a great example of the versatility of squash and the unique ability that the spectacular glass court offers to the sport.

"It enables us to showcase our new facilities, generate significant exposure and engage with our key stakeholders around the DPD Open."