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InPost acquires remaining 70% of Menzies

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Image © InPost

Parcel locker giant InPost has acquired the remaining 70% stake in Menzies Distribution Limited, the Express and Newstrade segments, in an all-cash transaction valued at £60.4mn.

The third segment MDS, which responsible mainly for full load transport and warehousing, was demerged from Menzies and is not the part of the transaction. MDS will continue to be run by its existing management team and InPost will retain a 30% shareholding in MDS.

The acquisition comes as InPost tripled its revenue in the UK market over the last year – and will allow the business to fulfil several strategic objectives:

  • 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.
  • It secures InPost’s position among the leading parcel locker service providers in the UK and allows the combined entity to take advantage of increasing consumer preference for lockers in the UK.
  • The combined business provides a fast, more cost-effective and sustainable delivery system that will benefit both merchants and consumers alike.
  • It allows InPost to fully own the investment process and further upgrade logistics capabilities as well as improve quality KPIs.

The Newstrade division, responsible for delivery of newspapers and magazines, will continue to operate as before, delivering the highest quality service to UK publishers and retailers.

Menzies operates across a unique national network reaching every postcode in the UK and Ireland. With an experienced management team and the capability to provide services 360+ days a year, the Menzies brand provides reach and reliability.

Menzies’ logistics capabilities and operational synergies enabled InPost to achieve a 156% increase YoY in the UK parcel volume in H1 2024. Menzies’ service has also enabled InPost to improve its quality KPIs.

Furthermore, it has allowed innovations such as the recently launched B2C service called ‘Collect’, where ecommerce retailers are now able to offer delivery to over 8,000 InPost Lockers.

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 organisation that can take advantage of the increasing consumer demand for locker deliveries in the UK and that will redefine how ecommerce 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.”

InPost began its partnership with Menzies in 2023, acquiring a 30% stake in the company for £49.3mn. During the second half of 2023 and into 2024, InPost and Menzies collaborated under a commercial agreement, achieving milestones including setting up high-quality ecommerce parcel logistics.


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