Cargus

In December 2018 MidEuropa led the acquisition of Cargus, Romania’s leading courier, express and parcel service provider. Cargus serves over 8,800 B2B and B2C clients as a last-mile delivery specialist, operating a nationwide network of five hubs and over 38 stations connected by over 220 line-haul routes. 

MidEuropa entered discussions with the sellers over two years prior to the transaction, which allowed early market diligence, investment thesis formulation and formation of a buy-in management team to address the value creation opportunity. The investment thesis was based on market growth, re-positioning towards e-commerce and operational improvements aided by technology upgrade. 

Partnership highlights:

• Improving the service offering and pricing strategy by becoming the quality leader in the market and introducing innovative services enabled by upgrading technology infrastructure
• Improving cost and network efficiency through operational best practice 
• Expansion into e-commerce value chain through acquisition of fulfilment operator and organic expansion into out-of-home solution

Value creation:

• Digitalisation
• Acquisitive Growth
• Organic Growth acceleration
• Operational Excellence