DGAP-News: Mutares SE & Co. KGaA
/ Key word(s): Private Equity/Takeover
Mutares takes on Top 2 of the Italian postal market by acquiring the majority in Nexive's business from PostNL
Munich/ The Hague, 24th February 2020 - Mutares and PostNL have signed an agreement on the acquisition of the majority stake of 80% in the business of Nexive, the number two mail and parcel provider in Italy and currently a full subsidiary of PostNL. PostNL will obtain a minority interest of 20% in the entity acquiring the Nexive business. The acquisition would be the second one for Mutares within the current financial year and would result in annualized consolidated revenues of its portfolio of approx. EUR 2 billion. The transaction is subject to a number of conditions and is expected to close in Q2, 2020. Nexive has enhanced its position in Italy in recent years by expanding its portfolio, and by launching innovative services, including E-box, which offers total track & trace on mail items. Nexive also expanded its own parcel network in 2016 through the introduction of Sistema Slim, a solution for letterbox packages which forms the basis for future growth and success. Operating countrywide in Italy, the company has approx. 8,000 employees and will strengthen the portfolio segment 'Goods & Services' of Mutares. Herna Verhagen, CEO of PostNL, says: "This transaction will allow Nexive to further develop its business and to build its position in the Italian mail and parcel market. For PostNL, the sale of the majority stake in Nexive underpins our strategy of focusing on our core markets in the Benelux region and supporting our transformation into an e-commerce logistics and postal service provider." Luciano Traja, CEO of Nexive adds: "This step gives us the opportunity to take the Nexive business to the next stage in achieving our strategy. We are well positioned to benefit from the innovation and solutions that we have introduced for our customers in recent years. Our strategy is aimed at our growing market share and taking full advantage of ongoing growth in the Italian e-commerce market." Robin Laik, CEO of Mutares SE & Co KGaA comments: "We look forward to developing Nexive in our portfolio and will support the future repositioning and growth path of the company. We aim to further grow its nationwide network, to further develop the last-mile business as well as to enhance operational and administrative efficiency." Company profile of PostNL Company profile of Nexive
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24.02.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
Language: | English |
Company: | Mutares SE & Co. KGaA |
Arnulfstr.19 | |
80335 Munich | |
Germany | |
Phone: | +49 (0)89-9292 776-0 |
Fax: | +49 (0)89-9292 776-22 |
E-mail: | ir@mutares.de |
Internet: | www.mutares.de |
ISIN: | DE000A2NB650 |
WKN: | A2NB65 |
Indices: | Scale 30 |
Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Stuttgart, Tradegate Exchange |
EQS News ID: | 981681 |
End of News | DGAP News Service |
981681 24.02.2020