InPost takes over PGP
20:01
InPost, the biggest private mail operator in Poland finalized the takeover of Polska Grupa Pocztowa (PGP), the second-biggest in the sector. InPost has signed a PLN 33 million worth contract with state-led Shared Service Centre and PLN 23 million contract with KRUS (Farmer’s Social Security Fund) for mail delivery.
"Formal acquisition of PGP is the culmination of a fruitful year. Both companies signed numerous contracts with private and public entities. We are currently analyzing terms and conditions of tender for designated operator which would be responsible for provision of universal postal services in the years 2016-2025. We are also in talks on takeover of Inforsys, which may occur in the second half of 2015, just after the InPost’s IPO” – Rafał Brzoska, InPost CEO, said in a news release.
InPost carried out nearly 2,600 contracts at the end of the third quarter of the 2014. It is the biggest private mail operator in Poland, having more than 8,000 outlets all over the country.
