Poste Italiane to acquire Nexive for around €60 million
Nexive is a postal operator in Italy with an approximate 12% market share in the mail market, with annual volumes of approximately 350 million items (of which 5% registered mail) and a
1% market share in parcels (approximately 8 million items delivered in 2019).
Nexive’s 2019 pro-forma revenues were approximately €200 million with 1,300 employees and over 5,000 operators from partner companies.
The acquisition would enable Poste Italiane to leverage on potential scale economies resulting from the consolidation of Nexive’s, further improving service levels for customers
of both companies.
With regards to the transaction, the enterprise value for Nexive has been agreed by the parties at €60 million, whilst the final price will be determined on completion of the due
The final terms and conditions of the agreement will be disclosed to the public as soon as they are defined. Subject to fulfilment of the relevant conditions, the closing date is expected
by the end of January 2021.
From a strategic point of view and in line with experiences of other European countries, the structural decline in mail volumes, further exacerbated by the impact and restrictions due to
the health emergency, makes consolidation in mail and related logistics infrastructures a priority to ensure sustainability, employment level and accessibility to customers.
The transaction would contribute to the sustainability of the postal sector to the benefit of shareholders, sector employees, citizens, corporations, the public administration and the
country as a whole.