InPost acquires Menzies in £60m deal
INPOST GROUP has acquired the remaining 70% stake in Menzies Express in an all-cash transaction valued at £60.4 million.
InPost acquired a 30% stake in the company for £49.3 million in 2023.
Menzies Distribution Services (MDS), responsible for full load transport services and warehousing, will remain under the control of Endless LLP with InPost retaining a 30% equity stake.
InPost Group CEO Rafał Brzoska, says: “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 eComm delivery operates in this market.”
