SRT Group, the parent company of last-mile delivery platform Stuart, is being acquired from Geopost by Munich-based private equity holding company Mutares.
Founded in Paris in 2015, Stuart has experienced rapid growth in on-demand food and grocery delivery. Generating over €400m (US$435m) in revenues in 2022, Stuart’s model has been replicated in over 100 cities across Europe to meet rising consumer demand.
Mutares brings extensive experience strengthening market-leading platforms across industries. With a clear focus on sustainability and right-sizing operations, the acquisition aims to cement Stuart’s competitive position for on-demand urban delivery.
Cornelia Raportaru, CEO of Stuart, said, “We’re thrilled to start this new chapter with Mutares, driving the future of urban delivery. As leaders in tech-enabled logistics, Stuart and Mutares share an ambition to pragmatically grow our business while remaining committed to serving customers and reducing environmental impact. We look forward to pioneering ever-more innovative delivery solutions.”
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