Foxpost, the successful Hungarian startup, may acquire an international owner

By: Trademagazin Date: 2024. 06. 12. 11:53

With an international owner, Foxpost can continue its dynamic growth after the parcel machine company was sold by the Wallis Group and Trueway. The buyer is the investor consortium that also owns the Czech Packeta, which can become the owner of the successful Hungarian startup after all closing conditions are met.

Foxpost, a player in the Hungarian parcel vending machine market, can continue its dynamic growth with an international owner, after the 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 can be completed in 2024 if all conditions are met, including after obtaining the license from the competition authorities. Foxpost is a real Hungarian startup success story: as the first service provider on the domestic parcel vending machine market, it started operating in 2014 with 62 indoor vending machines. At the beginning, the two dominant players of the domestic private investor market, the Wallis Group and Trueway, saw fantasy in the plans of Foxpost’s founders and supported the realization of the goals of the Hungarian startup with capital and management experience. Foxpost has grown dynamically in recent years and now has more than 1,200 machines nationwide. Foxpost has thousands of e-commerce partners and delivered nearly 10 million packages in 2023.