The InPost Group, a Polish last-mile delivery company, has invested £49.3 million in Menzies, a UK-based logistics company. Following the deal, InPost acquired 30% stake and voting rights in Menzies Distribution Group Limited, My Company Polska reports.
- Founded in 1999 by Rafał Brzoska, InPost is a last-mile delivery company offering a parcel locker that allows to securely collect, return, and send parcels with just a codescan. The company launched its product in 2006, and, after going public, its valuation reached $5.1 billion. To date, InPost employs over 5,250 people.
- Thanks to the deal, InPost secured access to the nationwide distribution network of Menzies. The partnership will allow the company to handle growing volumes of shipments 7 days a week, as well as bring a number of benefits to consumers and e-commerce stores.
“This investment is a milestone for the development of our business in the UK market. Together with Menzies, we will be able to offer parcel deliveries 360 days a year, which is a unique offer on the British e-commerce market,”
Rafał Brzoska, President of the Management Board and founder of InPost, commented.
- Menzies is a logistics company handling deliveries to more than 47,000 locations every day. It has 100 branches in the UK and Ireland and manages a fleet of over 3,200 vehicles, employing over 5,000 people.
- Furthermore, as part of the deal, InPost also secured a 3-year option to acquire the remaining 70% stake in Menzies.
