InPost eyes takeover after grabbing 30% stake in Menzies

Polish parcel delivery firm and locker provider InPost has acquired a 30% stake in Menzies Distribution Group, with the option to take full ownership at a later stage in a deal worth just under £50m.

The transaction sees InPost given the option to acquire the remaining stake over the next three years. InPost will also have two nonexecutive seats on the board of Menzies.

The deal follows an agreement between the two companies earlier this year that saw

Menzies become InPost’s UK logistics provider.

Menzies has a national network of more than 100 depots and delivers to more than 47,000 locations every day. It has 5,000 staff and a fleet of more than 3,200 vehicles.

Michael Rouse, InPost International chief executive, said: “Menzies has one of the largest time-critical delivery networks in the UK and we are excited by how the collaboration will enable us to accelerate our growth and the service we can offer customers.”