MBE Worldwide acquires PACK & SEND UK
MBE Worldwide acquires PACK & SEND UK
MBE Worldwide acquires PACK & SEND UK to further strengthen its presence in the UK market
MBE Worldwide acquires PACK & SEND UK to further strengthen its presence in the UK market
Milan, Italy, (March 10th, 2023): MBE Worldwide S.p.A. (“MBE”) is pleased to announce the acquisition of 100% of the share capital of PACK & SEND UK Ltd (“PACK & SEND UK”) from the former PACK & SEND UK Master Licensee, via the MBE affiliate World Options Holdings Limited.
MBE is a leading commerce-enablement platform providing e-commerce, fulfillment, shipping, marketing and print solutions to SMBs and consumers. In 2022, MBE served over 1 mln business customers worldwide generating €1.3 bln (US$1.4 bln) of System-wide Gross Revenue, through its 3,150+ Business Solution Centers in 52 countries, and €22 bln (US$23 bln) of Gross Merchandise Value traded through its PrestaShop e-commerce solutions.
PACK & SEND SYSTEMS (“PACK & SEND”), the franchisor of the PACK & SEND system that was acquired by MBE Worldwide in 2021, was founded in Sydney, Australia in 1993. Since that time it has operated in the shipping and logistics industries through a network of franchisees and master licensees. PACK & SEND UK has been trading in the UK since 2009 as a master licensee of PACK & SEND, supporting a network of franchisees currently made of 20 Business Solution Centers.
With this acquisition, MBE reinforces its direct presence in the UK market where it now operates under three brands: Mail Boxes Etc., PACK & SEND and World Options. PACK & SEND UK will continue to operate as an independent company within the UK. All MBE group companies operating in the UK will retain their respective business concepts and brands.
“This is an exciting development for PACK & SEND UK,” said Mike Ryan, General Manager of PACK & SEND UK. “Combining forces with MBE creates unique opportunities to align with colleagues similarly steeped in managing a customer-focused network of entrepreneurs.”.
“PACK & SEND UK is an excellent strategic fit for MBE because of its entrepreneur-driven, people-centric, customer-first approach, which nicely complement MBE business and culture,” said Paolo Fiorelli, Chairman and CEO of MBE Worldwide. “We welcome PACK & SEND UK to the MBE family. We will be working together to further improve our offering of high-value solutions to customers in the UK market.”