InPost acquires 30% stake in Menzies, its UK logistics partner

AMSTERDAM: InPost, the European automated parcel machine service provider, has announced that it has acquired a 30% equity stake in Menzies, its UK logistics partner, for £49.3 million. The deal also gives InPost a three-year option to buy the remaining 70% stake in Menzies, one of the UK and Ireland’s leading time-sensitive delivery businesses.

The transaction follows an exclusive logistics partnership that was established earlier this year between InPost and Menzies, which made Menzies InPost’s logistics provider in the UK. The partnership aims to offer a secure, low cost, and environmentally sustainable way of sending and receiving parcels for consumers, retailers, suppliers, and publishers.

InPost said the acquisition will secure its route to market and enable it to scale at speed in the UK to match increasing consumer demand. InPost will also benefit from Menzies’ nationwide network coverage, capacity headroom, operating synergies, and profitability. InPost will have two non-executive seats on the Menzies Board of Directors.

Menzies is a specialist time-critical logistics provider, with a unique national network of over 100 depots that sees it deliver to over 47,000 locations every day. Menzies provides newstrade distribution services, B2B final mile parcel delivery, and full load transportation and warehousing solutions. The business employs approximately 5,000 people and runs more than 3,200 vehicles.

As a result of the transaction, Menzies’ ownership structure is as follows: 52% of the equity stake and voting rights is held by Endless LLP, 30% held by InPost, 18% held by other shareholders, including the current management of Menzies.

Rafat Brzoska, CEO of InPost, said: “With this strategic transaction, we have reached a significant milestone, which represents an exciting opportunity for both our UK business and InPost Group as a whole. With Menzies we can offer a unique service in the UK e-commerce market by delivering parcels over 360 days a year. We look forward to the transformative impact of this partnership.”

Michael Rouse, CEO International of InPost, said: “This relationship marks an important next step in lnPost’s journey as we look to strengthen our position as the UK’s leading out-of-home delivery provider. Acquiring a minority stake in Menzies will enable us to work as one with our distribution partner, sharing the same vision and ensuring that we aim for the same result. Menzies has one of the largest time-critical delivery networks in the UK and we are excited by how the collaboration will enable us to accelerate our growth and the service we can offer our customers.”

Greg Michael, Menzies’ CEO, said: “We are proud to partner with InPost and are excited about the opportunities this will create for our clients, our business, and our people. InPost and Menzies are uniquely positioned to deliver fast, sustainable delivery and returns in the UK benefiting consumers, retailers, suppliers, and publishers.”

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