The internationally active parcel service provider InPost S.A. intends to acquire 100% of Mondial Relay's shares. As the previous owner of Mondial Relay, the Otto Group sees the new constellation as an outstanding opportunity. It will provide the French parcel logistics company with excellent prospects for sustainable and continued business success.
The acquisition follows after years of InPost trying to expand abroad. For the Polish logistics company, international expansion is a key element of its growth strategy. As a result of acquiring Mondial Relay, it suddenly has an immediate footprint in France. France is one of the largest e-commerce markets in Europe.
“The combination of Mondial Relay and InPost is a clear win for both companies and offers them an optimal position to realise further growth potential in the fiercely competitive and rapidly growing French parcel logistics market,” says Kay Schiebur, Otto Group Executive Board Member, Services.
In recent years customer-centric ‘last-mile’ solutions Mondial Relay has already proven that retailers and end-customers alike can continue to count on unrestricted high and safe delivery quality. Even in the current COVID-19 situation. "The mutually complementing strengths of both networks, consisting of parcel stores and automated parcel machines, so called APMs, can deliver a further significant improvement in the customer and service experience."
The acquisition, funded by new debt, will see the network of InPost expand with about 16,000 pick-up points in France, the Benelux, Spain and Portugal. They will be added to the company’s automated parcel lockers network. In addition, it will boost InPost’s profits by €100 to €150 million in the medium term. After its profits already increased by 184% year-on-year in 2020.
The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.