Otto Group: The combination of Mondial Relay and InPost is a clear win for both companies
Parcel service provider InPost S.A. intends to acquire 100 percent of the shares in Mondial Relay. As the previous owner of Mondial Relay, the Otto Group sees the new constellation as an opportunity to provide the French parcel logistics company with excellent prospects for sustainable and continued business success.
With this move, the Hamburg-based Otto Group of retail and services companies is now also implementing in France the realignment of its logistics-sector it announced last year and which it has already successfully completed in Germany and the UK. An agreement has been signed with the Amsterdam Stock Exchange-listed InPost Group intending to acquire 100 percent of France-based Mondial Relay for approximately EUR 565 million. The proposed transaction remains subject to approval by the companies’ respective committees and the corresponding antitrust authorities.
“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.”
InPost’s proposed acquisition of Mondial Relay also includes the Group’s activities in Belgium, Luxembourg, the Netherlands, Portugal, and Spain. The partnership will not impact the further activities of Hermes France Holding SAS. The operational management of Mondial Relay is to be continued by the current successful executive team. Its existing collaborations with business partners and corporate clients will also remain unaffected.