InPost acquires remaining 70% of Menzies Express and Newstrade for GBP 60.4 million

InPost Group has finalized the acquisition of the remaining 70% of Menzies Express and Newstrade for £60.4 million, solidifying its position in the UK logistics market. This move allows InPost to gain complete control over its logistics operations in the UK.

The acquisition follows a year of significant growth for InPost in the UK, with revenues tripling compared to the previous year. Taking full ownership of Menzies will enable the company to scale its operations to meet the rising demand in the market.

“By fully integrating Menzies Express and Newstrade into our operations, we are better positioned to deliver unique offerings in quality, price, and convenience to our customers,” stated Rafał Brzoska, founder and CEO of InPost. “Our long-term vision is to revolutionize the UK e-commerce landscape. Collaborating with Menzies, we are forming an integrated organization that can effectively cater to the increasing consumer demand for supplies to parcel locker machines in the UK.”

In 2023, InPost acquired a 30% stake in Menzies for £49.3 million, with the option to purchase the remaining shares within three years.

“This latest transaction empowers InPost with full control over its UK logistics operations, facilitating accelerated development plans, particularly in delivering high-quality B2C services through next-day parcel locker machines,” the company explained in a statement. “This acquisition enhances InPost’s position as a leading provider of parcel locker services in the UK, creating a faster, more cost-effective, and sustainable delivery system for both customers and consumers.”

Neil Kuschel, CEO of InPost UK, highlighted that unifying operations within a single group will streamline efforts in the logistics sector, particularly as more UK consumers embrace the benefits of Paczkomat devices. He noted that the acquisition merges the strengths of both companies and builds upon the commercial successes achieved under the leadership of Menzies Group’s CEO.

Before this transaction, Menzies was structured into three segments: Express, Newstrade, and MDS. The acquisition specifically pertains to the Express and Newstrade segments, while the MDS segment, which focuses on full-load transport and warehousing, will continue to be managed by Endless LLP, with InPost retaining a 30% share.

The enhanced logistics and operational capabilities derived from the synergy with Menzies have allowed InPost to achieve a remarkable 156% year-on-year parcel growth in the UK during the first half of 2024. Additionally, improvements in Menzies services have led to better performance in key quality indicators (KPIs).

As of August 2024, InPost operated over 78,000 out-of-home points across nine countries, including more than 43,000 modern Paczkomat devices and 35,000 PUDO points. The company also offers courier and fulfillment services to e-commerce retailers, collaborating with approximately 100,000 e-sellers. In 2023, InPost managed 892 million shipments.

Founded in 1999 by Rafał Brzoska in Poland, InPost is a leading supply platform for e-commerce. The company completed its acquisition of French logistics company Mondial Relay in July 2021 and debuted on Euronext Amsterdam in January 2021.

Source: InPost and ISBnews