InPost logistics looking at number of takeover projects, points out that most are distressed
Amsterdam-listed parcel lockers operator InPost constantly monitors the M&A market in Europe, the group's CEO Rafal Brzoska told a press conference, while pointing out that most of the companies put up for sale "have big problems" and this is a rescue from bankruptcy for them. InPost wants to acquire companies that will add strategic value to its business.
"When it comes to acquisitions, we look at everything that comes up in Europe in terms of how much strategic value a particular acquisition will potentially add to our business," CEO Brzoska said.
"We are in a couple of watch processes, and this has been the case for a few quarters now, but we have to admit that looking at the different projects that are for sale, there are a lot of companies that have big problems," he added.
InPost's CEO assessed that market would see a lot of consolidation and financially distressed companies going out of business.
"If these projects are not successful, then most of the companies will simply collapse," he pointed out.
pr/ ao/