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Marcin Obara/PAP
Poland’s parcel delivery and locker provider giant InPost has snapped up 30 percent of the UK’s leading logistics company Menzies Distribution Group.
Amounting to £49.3 million, the acquisition grants InPost both shares and voting rights in Menzies.
Amounting to £49.3 million, the acquisition grants InPost both shares and voting rights in Menzies as well as the possibility of buying the other 70 percent in the future.
As part of the transaction, InPost also secured a three-year option to purchase the remaining 70 percent.
Setting themselves apart from competitors like Amazon and Royal Mail, who do not offer such extensive delivery options, the recent acquisition provides the Polish company with the opportunity to introduce a new portfolio of services and enhance its delivery capabilities.
Rafał Brzoska, CEO of InPost said: “This transaction is a milestone for the development of our business on the British market.
Rafał Brzoska, CEO of InPost said:
“Together with Menzies, we will be able to offer parcel deliveries 360 days a year, which is a unique offer on the British e-commerce market.”
Expecting to redefine parcel deliveries in the UK and set new standards for customer convenience, the strategic partnership with Menzies is seen as a significant step towards establishing InPost as the leading out-of-home parcel provider in the UK market.
“Menzies has one of the largest logistics networks in the UK, and we believe that the partnership we have established will allow us to accelerate the development of our services to the benefit of British consumers,” said Michael Rouse, CEO International at InPost.
Menzies CEO Greg Michael said: “Consumers will gain a safe, cheap and ecological way to send and receive parcels, while suppliers and publishers will gain a fast, cost-effective, safe and sustainable way to reach the consumer.”
Currently, Menzies has 100 branches, manages a fleet of more than 3,200 vehicles and employs more than 5,000 staff delivering to over 47,000 locations daily.
Menzies CEO Greg Michael said: “Consumers will gain a safe, cheap and ecological way to send and receive parcels, while suppliers and publishers will gain a fast, cost-effective, safe and sustainable way to reach the consumer.”
InPost currently has 4,000 parcel lockers in the UK and more than 20,000 in Poland.
The investment marks another significant stride for the InPost Group in Western Europe.
InPost currently has 4,000 parcel lockers in the UK and more than 20,000 in Poland.
Previously, the company acquired Mondial Relay, a leading French logistics company, expanding operations to France, Spain, Portugal, Belgium, the Netherlands, and Luxembourg.
