Change of leadership at the top of the Foxpost parcel delivery service

According to the announcement, the integration of Foxpost and Packeta is expected to be completed in the fall, resulting in the creation of Hungary’s largest parcel collection point network.

Foxpost’s Hungarian owners, the Wallis Group and Trueway (formerly Finext), sold the company to a consortium of financial investors that also owns the Czech parcel delivery service Packeta in June last year, which was approved by the competition authority a few months later.

CVC is a global capital and investment fund manager operating in Europe, Asia and the United States and managing investments worth 177 billion euros, while EMMA Capital Group is a private investment holding founded in 2012 by Czech businessman Jiří Šmejc.

The Packeta Group, which operates in four Central and Eastern European countries, has a network of over 17,000 recipients, in addition to more than 173,000 partner recipients and cooperates with more than 40,000 online stores.

The company delivered 131 million packages last year, and its revenue increased to 338 million euros from 294 million euros in 2023. Packeta Hungary Kft. has been serving online stores in Hungary since 2019 and has been offering a dedicated service to individuals since 2021.