In an announcement on 15 October 2024, logistics company InPost Group – perhaps best known as a parcel locker service provider – confirmed that it acquired the remaining 70% of Menzies Distribution for £60.4 million, giving it 100% control over Menzies’ Express and Newstrade operations.
InPost orginally acquired a 30% take in Menzies Distribution in 2023, for £49.3m.
It explained that Menzies Distribution Services (MDS), responsible for full load transport services and warehousing, was ‘demerged from Menzies and is not the part of the transaction’, noting that MDS will continue to be run by its existing management team – Endless – while InPost will retain a 30% shareholding in MDS.
InPost noted that this acquisition builds on the ‘strong commercial growth’ that InPost has shown in the UK, having tripled its revenue to PLN 412 million (c. £80m) in H1 2024 year-on-year.
During the same span of time, InPost recorded a 156% increase in UK parcel volume.
Rafał Brzoska, CEO of InPost Group, said: “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 e-commerce delivery operates in this market.
“We would like to give a warm welcome to the whole Menzies team, including the Newstrade division – an established and renowned business in an industry we are excited to enter. We are proud of what that part of Menzies has achieved so far, and we look forward to working as one group to grow all aspects of the business.”
Neil Kuschel, InPost UK’s CEO added, “This transaction is a critical milestone in unlocking and accelerating the growth potential of InPost in the UK. As one company, we will be able to create a business designed to win in the UK and serve the B2C market at a faster rate as more consumers discover the benefits of delivery to our lockers.
“The acquisition helps bring together the strengths of both organisations and will build on the commercial progress made under the leadership and guidance of Greg Michael, Menzies Group CEO.”
