Waberer’s Group has taken full control of Hungarian Post Insurance, acquiring 100 per cent ownership through its subsidiary Gránit Insurance.
The move follows the company’s 2024 acquisition of a 66.925 per cent majority stake in both Hungarian Post Insurance and Hungarian Post Life Insurance.
Exercising a call option under a previous cooperation agreement, Gránit will buy out the remaining shares held by Hungarian Post, with financing drawn from its own resources.
The final transaction is pending regulatory approval.
Zsolt Barna, Waberer’s Chairman & CEO, said the acquired insurers have exceeded expectations, delivering strong performance and synergies.
Full ownership of Hungarian Post Insurance, which specialises in non-life insurance products, will allow Waberer’s to fully leverage operational synergies with Gránit Insurance and strengthen its presence in the Hungarian insurance market.
Earlier this month, Waberer’s Group reported robust financial results for Q3 2025, with revenue of €205.4 million, up 8.0 per cent year-on-year, and an EBIT increase of 23 per cent. Consolidated net income reached €11.2 million for the quarter, bringing nine-month net income to €32.1 million– a 159 per cent rise from 2024.
Strategic investments are driving growth – a new 20,000 m² warehouse in Slovakia targets automotive clients, while a 22,000 m² logistics centre in Debrecen nears completion. Waberer’s also signed agreements with Budapest Airport and Kazakhstan’s KTZ Express to develop air cargo and intermodal rail terminals, strengthening its international network.
Within its operations, contract logistics revenue rose 9.5 per cent in Q3, supported by recycling transport, warehouse development, and the Serbian subsidiary. Meanwhile, the insurance segment nearly doubled revenue year-on-year to €40 million, boosted by acquisitions completed in late 2024.
