- 15 March 2021
- Transport / Logistics Services
Parcel locker giant InPost has announced it is to acquire 100% of the shares of French delivery company Mondial Relay from current owners Otto Group.
Last year Otto Group announced it would rationalise its company portfolio and has completed this in Germany and the UK. By divesting Mondial Relay, so it has begun the process in France.
The acquisition by InPost is set to cost close to €565 million, subject to regulatory approval and approval by the companies’ respective committees.
“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, with its innovative, 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 pandemic 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.”
Rafal Brzoska, Founder and CEO of InPost says: “As we outlined during our recent IPO, international expansion is a key element of InPost’s growth strategy and Mondial Relay gives us an immediate footprint in one of Europe’s largest e-commerce markets, providing multiple levers to accelerate our overall growth and create shareholder value. Mondial Relay’s extensive network of pick-up and drop-off points fits perfectly with our innovative APM solutions and we see significant opportunity for the combination to unlock untapped demand and re-define the last mile delivery experience for consumers.”