Polish InPost acquires Mondial Relay

Polish parcel locker company InPost has acquired Mondial Relay, a major logistics company from France. InPost will pay 565 million euros to buy Mondial Relay and thus expand its international presence.

By acquiring Mondial Relay, inPost suddenly has an immediate footprint in France, one of the largest ecommerce markets in Europe.

The acquisition, funded by new debt, will see the network of InPost expand with about 16,000 pick-up points in France, the Benelux, Spain and Portugal.

It will also boost InPost’s profits by 100 to 150 million euros in the medium term, after its profits already increased by 184 percent year-on-year in 2020.

Otto Group, the previous owner of Mondial Relay, admits that the combination of Mondial Relay and InPost is a clear win for both companies and offers them an optimal position to realize further growth potential in the fiercely competitive and rapidly growing French parcel logistics market.

InPost was founded in Poland in 1999 and offers several parcel delivery and fulfilment services for B2C and C2C deliveries. It has a network of over 12,000 parcel automated in Poland, the United Kingdom, and Italy. Last year, the company made around 249 million parcel deliveries.