- Acquisition of 80% majority stake in No. 2 of the Italian postal market
- Company will strengthen portfolio segment ‘Goods & Services’
- Second transaction of Mutares in 2020; closing expected in Q2, 2020
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 provides mail services to 80% of Italian households and parcel services to the entire Italian market. It’s the number two in the Italian mail market and aspires to be the smart challenger, offering customers the best balance between service, quality and price. It achieves this ambition by focusing on customer interaction and by further strengthening its network.
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 direct 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
PostNL aims to be its customers’ favourite deliverer by making it as easy as possible for them to send and receive parcels and letters. PostNL constantly offers new services by combining state-of-the-art logistics, digital applications and the right communications channels. On weekdays, PostNL delivers an average 800,000 parcels and 7 million letters across the Benelux region, and its 38,000 people are right at the heart of society. PostNL NV is a listed company with revenues of EUR 2.8 billion, over 50% of which derived from e-commerce.
Company profile of Nexive
Headquartered in Milan, Nexive was born as TNT Post and rebranded to Nexive in 2014: Today, Nexive is a platform for the delivery of mail and e-commerce, a connection point for companies and people, documents and goods. Nexive counts over 30,000 businesses to its clients, including banks, insurance companies, companies in the media and telecommunications sectors, utilities, SMEs and numerous public administration bodies. Nexive reaches 80% of Italian families by delivering about 400 million letters every year. It has over 8,000 employees and a network of over 2,000 retail points across Italy.