The partners will provide the resources for the JV with a contribution in kind and a shareholder's loan, Waberer's said in the announcement posted on the website of the Budapest Stock Exchange.
The JV will provide customers, "particularly webshops", "the full range" of logistics outsourcing services, including warehousing, packaging, shipping, and delivery.
Waberer's CEO Zsolt Barna and Magyar Posta CEO György Schamschula said the JV would be able to provide "a highly efficient service" from the start of operation, based on the owners' 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," the executives said.
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