Waberer's Establishes a Joint Venture with Magyar Posta

WABERER’S INTERNATIONAL has announced on the website of the Hungarian Stock Exchange that – with Waberer's Group as the majority shareholder and Hungarian Post (Magyar Posta) as the minority shareholder (collectively the ‘Parties’) –, a joint venture will be established to serve the Parties' existing and future customers with full range of parcel logistics support.

According to the announcement, the Parties shall provide the necessary resources for the joint venture in the form of a contribution in kind and shareholder’s loan.

The joint venture will provide its customers – particularly webshops – a full range of logistics outsourcing services, including warehousing, packaging, shipping and delivery, providing them the opportunity to focus their resources on their core sales activities, while the delivery of webshop orders becomes faster and simpler, that also generates customer satisfaction increase.

In a joint statement, Waberer's CEO, Zsolt Barna, and Magyar Posta CEO, György Schamschula commented that “the joint venture – to be created by Hungarian Post and Waberer's – will be able to provide a highly efficient service and an attractive value proposition to our customers from the very beginning of the operation, based on the owners' relevant experience, customer base and existing infrastructure. We are confident that in a market with high growth potential, the JV will be able to gain and maintain a significant market share in the long term.”