Polish parcel machine operator, InPost is close to concluding a deal to take full control of UK logistics company Menzies Distribution Group. The deal includes a 70 per cent stake that InPost does not already own, Sky News reported, citing sources.

InPost had already bought a 30 per cent stake in Menzies for £49.3 million in July 2023.

“This transaction is a milestone for the growth of our business in the UK market. Together with Menzies, we will be able to offer parcel delivery 360 days a year, which is a unique offering in the UK e-commerce market. The dynamics of InPost’s volumes in the UK after the second quarter is impressive”’ Rafał Brzoska, CEO of InPost, said at the time.

The agreement guaranteed InPost the option to buy out the remainder of the company at any time over the next three years. Currently, a large shareholder in Menzies is Endless, a private equity investor based in Leeds.

With buying Mezies InPost has secured access to a nationwide distribution network. The strategic partnership that the companies have entered into gives them the ability to handle growing parcel volumes.

InPost is also investing in France. In July 2021, the company acquired leading French logistics company Mondial Relay for €513 million, making it the largest Polish private foreign investment. 

The InPost Group was able to expand its operations into the markets of France, Spain, Portugal, Belgium, the Netherlands and Luxembourg.

The Polish logistics group declined to comment on the potential agreement. 

Rafał Brzoska’s InPost Group operates parcel machines in Poland and across Europe. Sky News estimated that it is one of the most successful companies in the industry across the continent.

InPost’s valuation has increased by around $9 billion over the past year. Its financial success is linked to the growing demand for online shopping and delivery services, Sky News explained.

Source: Sky News, Money.pl

Tomasz Modrzejewski

Photo: Instagram @rbrzoska, British Poles