Mutares successfully closes the acquisition of the Italian postal market’s Nexive business from PostNL

• Second largest player in the Italian postal market with revenues in 2019 of approx. EUR 213 million
• Mutares as majority stakeholder with 80%, PostNL obtains minority
• Platform investment strengthens Goods & Services segment

Munich, 1 July 2020 – Mutares (ISIN: DE000A2NB650) completes the acquisition of the majority stake in the Italian postal service Nexive. The transaction marks an asset purchase through a new joint venture between Mutares, with a stake of 80% and the former owner PostNL who obtains a minority interest of 20%.

Nexive operates countrywide in Italy and is the Top 2 player of the Italian market providing mail services to 80% of their households and parcel services to the entire Italian market. The company employs approximately 1,300 employees directly plus indirectly partners up with approx. 6,000 people through their sorting hubs and distribution channels.

In recent years, Nexive significantly expanded and developed its network and product portfolio through innovative services and solutions, by aspiring to become the ideal provider for mail and parcel logistics in terms of service, quality and price for its customers.

Mutares provides the frame for the support and repositioning of the company to further grow and develop the business as well as to enhance operational and administrative efficiency through its own consulting teams. Nexive strengthens the Mutares segment Goods & Services.