InPost Group, which runs parcel delivery lockers across Europe, has taken full control of British logistics firm Menzies Distribution in an all-cash transaction valued at £60.4m.
The company has acquired the remaining 70% of Menzies, giving it 100% control over Express and Newstrade operations. The firm had previously bought a 30% share in 2023 and had a three-year option to acquire the remainder.
Menzies Distribution Services (MDS), responsible for full load transport services and warehousing, was demerged from Menzies and is not the part of the transaction. It will remain under the control of private equity investor Endless LLP with InPost retaining a 30% equity stake.
InPost said the acquisition of the Express and Newstrade operations enables it to fully control its UK logistics process and investment plan, allowing it to compete more effectively in the UK market, including through the launch of a high-quality next-day B2C offer.
Menzies operates across a unique national network reaching every postcode in the UK and Ireland 360+ days a year, which InPost said would give it the ability to scale at speed in the UK to match increasing consumer demand – the UK is seen as the largest e-commerce market in Europe.
The Newstrade division, responsible for delivery of newspapers and magazines, will continue to operate as before.
Rafał Brzoska, CEO of InPost Group, said: “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 e-commerce delivery operates in this market.”
