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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.

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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.”

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