InPost acquires remaining 70% of Menzies Distribution in £60m deal

Hello and welcome to our daily digest of business, financial and economic news from around Scotland.

1. InPost Group, one of Europe’s largest operators of automated parcel lockers, has taken full control of the Scottish logistics business Menzies Distribution Limited in an all-cash transaction valued at £60.4 million.

InPost had bought a 30 per cent stake in Menzies Distribution in 2023 for £49.3 million. The Polish company, listed in Amsterdam, agreed at the time a three-year option to acquire the remaining 70 per cent of the business.

Menzies Distribution was spun off from John Menzies in 2018 and was bought by Endless, a private equity firm, in a £74.5 million deal.

InPost said the acquisition of the Express and Newstrade operations would enable it