Integer.pl Group raises €115m to boost parcel terminals business
Polish mail and parcels company Integer.pl Group has secured EUR 115m in investment and financing to continue expanding its parcel locker terminals business. The company that trades under the InPost brand said this week it has sealed a EUR 81.7m investment round for its easyPack machines with global investment fund Templeton Strategic Emerging Markets Fund and the PZU Insurance Group.
The investment is intended to further propel InPost ambitions to expand its network of the self-service parcel pick-up and drop-off points within Europe and beyond, the company said.
Integer.pl Group has also arranged EUR 36.7m in debt financing with Poland’s state-owned bank, BGK, to finance the expansion of the InPost parcel locker business within Canada.
Integer.pl Group, which also runs mail and parcel delivery services in its home country, said it also had options in place for Templeton and PZU to contribute further investment for the company in future.
Current plans are expected to see the company’s network reach 5,000 machines — in Europe, North America and the Middle East — by the end of this year.
Backed by the injection of new investment, the Polish firm said it is aiming to add an additional 4,000 machines to its network.
Accelerate
Rafał Brzoska, the Integer.pl Group president, said the company’s second funding round would drive a “dynamic expansion” across the globe.
“I am convinced that the funds raised will accelerate the growth of our business and help us achieve the next step in the quest to create a global platform for e-commerce package delivery,” he said.
“EasyPack’s new shareholders are well-known, credible financial institutions that have shown their faith in us by backing our ambitious international project.”
Integer.pl Group raised EUR 53m in April 2014 through a private share platement with Polish and international investors, as it expanded its easyPack network into the UK, Italy and Hong Kong.
The company also secured investment back in 2012 by forming a joint venture with investment firm PineBridge which stated at the time an aim of expanding the easyPack network to 16,000 machines in Europe by 2016.
In March of this year, the company stated that its current aim was to establish 12,000 to 16,000 machines in Europe by the end of 2016.
So far easyPack machines have been installed in Saudi Arabia, Australia, Chile, Colombia, Costa Rica, Cyprus, the Czech Republic, El Salvador, Estonia, Great Britain, Guatemala, Hungary, Italy, Ireland, Iceland, Lithuania, Latvia, Poland, Russia, Slovakia, and Ukraine.
