AMSTERDAM: InPost Group has acquired the remaining 70% stake in Menzies Distribution Limited in an all-cash transaction valued at £60.4 million. The transaction concerns Express and Newstrade segments.
The third segment, MDS, responsible mainly for full load transport and warehousing was demerged from Menzies and is not the part of the transaction. It will continue to be run by its existing management team and InPost will retain a 30% shareholder in MDS.
The acquisition builds on the strong commercial growth that InPost has shown in the UK – tripling its revenue’ in the UK market over the last year.
This transaction gives InPost full control over its UK logistics operations, allowing the company to accelerate its plans for implementation of new services in the UK market, including, high- quality next day B2C parcel locker service.
The combined business provides a fast, more cost-effective and sustainable delivery system that will benefit both merchants and consumers alike.
InPost began its partnership with Menzies in 2023, acquiring a 30% stake in the company for £49.3 million. During the second half of 2023 and into 2024, InPost and Menzies collaborated under a commercial agreement, achieving significant milestones including setting up high-quality e- commerce parcel logistics.
Rafał Brzoska, CEO of InPost Group, said: “With this strategic acquisition, InPost fully insources logistics in the UK. With Menzies fully integrated, we are even better positioned to create an exceptional offering in terms of quality, price and convenience for both merchants and consumers.
This acquisition ultimately creates a single integrated organization that can take advantage of the increasing consumer demand for locker deliveries in the UK and that will redefine how e- commerce delivery operates in this market.
We would like to give a warm welcome to the whole Menzies team, including the Newstrade division an established and renowned business in an industry we are excited to enter. We are proud of what that part of Menzies has achieved so far, and we look forward to working as one group to grow all aspects of the business.”
Neil Kuschel, InPost UK’s CEO added, “This transaction is a critical milestone in unlocking and accelerating the growth potential of InPost in the UK. As one company, we will be able to create a business designed to win in the UK and serve the B2C market at a faster rate as more consumers discover the benefits of delivery to our lockers.
The acquisition helps bring together the strengths of both organisations and will build on the commercial progress made under the leadership and guidance of Greg Michael, Menzies Group CEO.”