Bpost is gearing up to bolster its parcel delivery services across Europe with a hefty €1.3 billion acquisition of French logistics specialist Staci Group. The Belgian postal company revealed its

plans in a press release issued on Friday evening.

Having inked an agreement with Ardian, the main shareholder of Staci, as well as other minority shareholders, Bpostgroup is set to acquire 100 percent ownership of Staci's shares. The acquisition, budgeted at 1.3 billion euros, is anticipated to be finalized by autumn.

Staci boasts a global network of over 80 warehouses spanning Asia, the Benelux, France, Germany, Italy, Spain, the Netherlands, the UK, and the US, with a workforce of approximately 3,500 employees. Specializing in third-party logistics services, particularly in shared warehousing for multiple clients, the company reported revenues of $771 million last year.

"I firmly believe that the proposed acquisition of Staci positions us for significant growth," remarked Chris Peeters, CEO of Bpost. "Through these strategic initiatives, we aim to equip ourselves with the resources and potential to excel as an international logistics leader, fostering a sustainable future for our company and our employees."

Bpost emphasized that the acquisition aligns seamlessly with its existing strategic direction and promises a robust B2B service offering. The company intends to retain the current management team and all Staci employees to leverage their expertise and experience for continued success. Photo by Thibaultmol, Wikimedia commons.