Parcel terminal operator Foxpost, a member of Czech Packeta group, is investing around EUR 2 millon to double capacity at its sorting facility in Fót, on the outskirts of the capital, the company has said in a statement. An automated sorting line will boost hourly capacity to 12,000-14,000 from 7,200 packages when it starts operating […]

The acquisition of Foxpost has been closed following the receipt of clearance from the competition authority and the fulfilment of other conditions, the sellers, Wallis Group and Trueway (formerly Finext), told MTI. According to the statement, the growth plans of the Hungarian-based parcel delivery service provider will be supported by international ownership. Further growth is […]

A consortium of financial investors, which also owns the Czech parcel delivery service Packeta, has bought the sector's competitor Foxpost from its Hungarian owners, the parties informed MTI on Wednesday. According to the information, the Wallis Group and Trueway (formerly Finext) sold the operator, which was the first player in the Hungarian parcel delivery market, […]