Swedish last-mile delivery companies Instabox and Budbee to become Instabee in $1.7B merger

Swedish last-mile delivery companies Instabox and Budbee have have announced plans to merge in a 18 billion krona ($1.7 billion) deal.
The two companies, which were both founded out of the Stockholm area in 2015, serve as the delivery and logistics partner for major brands including multinational clothing retailer H&M, offering delivery services directly to people’s homes as well as automated lockers in strategic locations.
Instabox operates in Sweden, Denmark, the Netherlands, Norway, and Germany, while Budbee serves Sweden, Denmark, the Netherlands, Finland, and Belgium.
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