10 years of successful incubation and growth story reaches a new milestone: FOXPOST PLC, the successful Hungarian parcel delivery company, may be taken over by an international owner
Among several involved stakeholders, kudos to the two founders Adam Bengyel and Peter Lanyfalvi who relentlessly followed their dream and built a future-proof logistics company famous about excellent customer experience!
At Wallis, it has been our pleasure flying with you!
“Foxpost, the Hungarian parcel machine market player, can continue its dynamic growth with an international owner after Wallis Group, Trueway (formerly known as Finext) and the founders agreed on the sale of the company. The buyer is a consortium formed by CVC Capital Partners and EMMA Capital Group. The transaction is expected to close in 2024, subject to the fulfilment of all conditions, including the receipt of competition clearance.
Foxpost is a true Hungarian start-up success story: it was the first operator in the Hungarian parcel machine market, launching in 2014 with 62 indoor parcel machines. At the start, two of the leading players in the Hungarian private investment market, Wallis Group and Finext, saw the imagination of Foxpost's founders and supported the Hungarian start-up's ambitions with capital and management experience. Foxpost has grown dynamically in recent years and now has more than 1200 parcel machines nationwide. Foxpost has thousands of e-commerce partners and delivered nearly 10 million parcels by 2023.
Foxpost's success is another example of Wallis' commitment to supporting new, innovative, market-ready businesses. Together with its investor partner Wallis has supported the company with its financial backing and expertise over the past 10 years, which has now attracted the attention of international investors. The Foxpost example is a true Hungarian start-up success story in a market where it has managed to grow alongside many major players.”
#foxpost #wallis #10years
Director of Strategic Planning
9moYEAH Jay Sackos!!!!!!!!!!!!!