Polish delivery giant InPost has finalized its acquisition of two key businesses from British logistics firm Menzies Distribution Limited for over £60 million (308 million zloty), marking a significant step in its ongoing international expansion. This deal includes Menzies' Express and Newstrade divisions, responsible for package and newspaper deliveries, while a third division, Menzies Distribution Services, remains under the control of private equity firm Endless, with InPost retaining its 30% stake.
This move comes after InPost initially purchased a 30% share in Menzies for £49.3 million last year, with an option to acquire the remaining shares within three years. The acquisition enhances InPost's ability to scale operations in the UK, Europe’s largest e-commerce market, further building on its UK success. In the first half of 2024, InPost’s UK revenues reached £412 million, nearly tripling from the same period in 2023.
Rafał Brzoska, InPost’s CEO and founder, highlighted this deal as their second-largest acquisition following the 2021 purchase of French delivery company Mondial Relay for €513 million. Brzoska also hinted at potential expansion into Ireland, where Menzies already operates, as a "natural next step" for the company’s growth strategy.
InPost's UK operations have experienced substantial growth, with over 9,600 personal collection points, including 7,500 parcel lockers, and handling 23.6 million parcels in the second quarter of 2024—a 163% year-on-year increase. The company’s share price saw a 5% rise following news of the full acquisition, reflecting strong market confidence.
InPost continues to expand its footprint across Europe, with operations in Poland, the UK, Spain, France, and Portugal, and has recently announced its sponsorship of Spanish football club Atletico Madrid.
This acquisition underscores InPost's commitment to strengthening its logistics infrastructure and investment plans in the UK, enabling the company to meet growing consumer demand and accelerate its expansion in the highly competitive e-commerce market.