PostNL and Mutares to sell Nexive’s business to Poste Italiane
The Hague, The Netherlands, 16 november 2020 - PostNL and Mutares today announced they have reached an agreement with Poste Italiane to sell 100% of the activities of Nexive to Poste Italiane. Nexive is the number-two mail and parcels provider in Italy. Since July 2020, the entity that acquired the Nexive business from PostNL is owned for 80% by Mutares and for 20% by PostNL.
The announced transaction is contingent on further due diligence and relevant conditions, and is expected to close by January 2021. Further financial consequences of this announced transaction will be disclosed upon completion.
The agreement with Poste Italiane was made possible by a recent change in Italian law, introducing, as a temporary measure, a special regime for the approval of certain concentrations. From a strategic point of view and in line with experiences of other European countries, the structural decline in mail volumes, further exacerbated by the impact and restrictions due to the Covid-19 pandemic, makes consolidation in mail and related logistics infrastructures a priority to ensure sustainability, employment and accessibility and service to customers. Mutares and PostNL believe this transaction is in the best interest of Nexive and all of its stakeholders.
About Poste Italiane
Poste Italiane is the largest logistics operator in Italy, and is a leading player in the financial, insurance and payment services sector. It is an integral part of Italy’s economic, social and productive fabric, occupying an unparalleled position in the country in terms of size, recognisability, reach and customer loyalty.
Nexive provides mail services to 80% of Italian households, and provides parcel services to the entire Italian market. As the second largest player in the Italian mail market, Nexive aspires to offer customers the best balance between service, quality and price. It achieves this ambition by focusing on customer interaction and by further strengthening its network.
Additional information is available at www.postnl.nl. This press release contains inside information within the meaning of article 7(1) of the EU Market Abuse Regulation.
We are PostNL, the mail and logistics solutions provider for all. With our mail and parcel deliverers who get everywhere, our 5,500 PostNL locations, 11.000 mail boxes and 517 automated parcel lockers, we are always nearby. We aim to be our customers’ favourite deliverer by making it as easy as possible for them to send and receive parcels and letters. Our over 35,000 people are right at the heart of society. On weekdays, we deliver an average 1.1 million parcels and 7.4 million letters across the Benelux region. Our focus is on quality for our customers, creating opportunities for our people and adding value for our stakeholders through growth, digitalisation and sustainability initiatives.
We optimise and support our physical networks by using smart digital solutions and launching new propositions that create value for our customers. We build long-lasting working relationships by acting as a good employer and client for everyone who works for and with us. To make our deliveries as sustainable as possible, we cover a lot of kilometres on foot or by bicycle or e-bike, provide innovative city logistics, use cleaner fuels, and use electric vans and light electric trucks. PostNL NV is a listed company with revenues of €3.1 billion in 2022, 61% of this derived from e-commerce. We provide deliveries of mail and parcels, logistics solutions for e-commerce, and cross-border solutions.