Polish parcel services provider InPost has acquired the remaining 70% stake in Menzies Distribution Limited's Express and Newstrade divisions for £60.4 million, the company has announced. The transaction gives InPost full control of the UK logistics business.
The acquisition allows InPost to manage its logistics processes and investment strategy in the UK, where the company plans to introduce next-day B2C delivery services via its Paczkomat® parcel lockers.
In the last year, InPost has seen a 156% year-on-year increase in parcel volumes in the UK during the first half of 2024.
“With this acquisition, InPost fully insources logistics in the UK, allowing us to meet the growing demand for locker deliveries and adjust our services accordingly,” said InPost CEO Rafał Brzoska.
The transaction covers the Express and Newstrade segments of Menzies, while the third segment, Menzies Distribution Services (MDS), which handles full load transport and warehousing, has been separated and remains under the control of Endless LLP.
InPost retains a 30% equity stake in MDS, which will continue to operate under its existing management team.
“As one company, we are positioned to serve the B2C market and build on the commercial progress made under the leadership of Menzies Group CEO, Greg Michael,” added Neil Kuschel, CEO of InPost UK.
The Newstrade division will continue to operate as before, delivering newspapers and magazines to UK publishers and retailers.
InPost is also expanding its services with the “Collect” feature, which allows e-commerce retailers to offer deliveries to more than 8,000 InPost lockers across the UK.
The acquisition will be consolidated into InPost’s financials by Q4 2024, with no expected significant impact on its leverage ratio.
