News / Belgium's Bpost will boost logistics ambitions with Staci takeover

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Belgian postal service provider Bpost is eyeing a €1.3bn ($1.41bn) acquisition of French logistics company Staci, to address the “changing dynamics of last mile delivery”.  

Bpost admitted yesterday that it had faced structural challenges in recent years and was looking to transform its business model.  

It reported a 20%-25% profit margin between 2010 and 2016, with an ebit of around €450m-€500m, but since 2017 its margin has shrunk, to 6%-8%, with an ebit of €250m-€350m. 

Bpost blamed a “structural decline of ...