Web Hosting tutorials and tips.
This article was provided by eCom News.
Polish parcel locker company InPost has acquired Mondial Relay, a major logistics company from France. InPost will pay 565 million euros to buy Mondial Relay and thus expand its international presence.
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. By acquiring Mondial Relay, it suddenly has an immediate footprint in France, one of the largest ecommerce markets in Europe.
16,000 extra pick-up points across Europe
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. It will also boost InPost’s profits by 100 to 150 million euros in the medium term, after its profits already increased by 184 percent year-on-year in 2020.
InPost’s profit grew 184% year-on-year.
‘The combination is a clear win for both companies’
Otto Group is the previous owner of Mondial Relay. “The combination of Mondial Relay and InPost is a clear win for both companies and offers them an optimal position to realize further growth potential in the fiercely competitive and rapidly growing French parcel logistics market”, Kay Schiebur, Otto Group Executive Board Member, Services, commented.
InPost was founded in Poland in 1999 and offers several parcel delivery and fulfilment services for B2C and C2C deliveries. It has a network of over 12,000 parcel automated in Poland, the United Kingdom, and Italy. Last year, the company made around 249 million parcel deliveries.
I hope that you found the above useful or interesting. You can find similar content on our blog: https://www.hostfast.com/blog/
Please let me have your re-action below in the feedback section in the feedback section.
Let us know what topics we should cover for you in future.