A consortium led by FedEx and private‑equity firm Advent International has agreed to buy Polish parcel‑locker operator InPost for €15.60 per share, a cash offer that values the company at roughly $9.2 billion. The deal will give the consortium a 37 % stake in InPost, with FedEx and Advent each holding 37 %. The remaining shares are split between founder‑linked A&R Investments (16 %) and Czech firm PPF Group (10 %).
InPost has built a network of about 61,000 automated parcel lockers across Poland, the United Kingdom, and the euro‑zone, and it delivered more than 1.1 billion parcels in 2024, a 22 % increase over 2023. The company’s revenue grew to €1.3 billion in 2024, up 18 % YoY, driven by strong demand in the UK and Germany and by the expansion of its out‑of‑home (OOH) pickup points. InPost’s operating margin in 2024 was 12.5 %, up from 10.8 % in 2023, reflecting higher mix of high‑margin e‑commerce deliveries and disciplined cost management.
FedEx’s Q4 2025 earnings showed revenue of $22.2 billion and adjusted EPS of $6.07, a 12 % YoY increase. The company is pursuing a “Network 2.0” transformation that aims to cut operating costs by $1 billion in FY26 and to expand its last‑mile footprint in Europe. By integrating InPost’s locker network, FedEx can offer faster, contactless delivery options to its B2C customers and reduce reliance on traditional door‑to‑door services in dense urban markets. Raj Subramaniam, FedEx CEO, said the partnership would “unlock new growth opportunities in Europe’s fastest‑growing e‑commerce market.”
Advent International first acquired InPost in 2017, taking the company private and steering a turnaround that lifted revenue from €400 million to €1.3 billion by 2024. The current consortium re‑engages Advent’s expertise while adding FedEx’s global logistics platform. The transaction will be subject to European and national antitrust reviews, but no major regulatory hurdles have been identified to date. The deal is expected to close in the second half of 2026, with InPost remaining a standalone brand and CEO Rafał Brzoska staying on to lead the company.
The acquisition positions FedEx to compete more aggressively with regional players such as DHL and UPS in Europe’s parcel‑delivery market. The combined entity will have a locker network that covers 90 % of the UK population and 70 % of the EU, giving FedEx a scalable, low‑cost last‑mile solution that can be leveraged across its global network. Analysts anticipate that the partnership will generate synergies of up to $200 million annually through shared infrastructure, cross‑border routing efficiencies, and increased parcel volumes. The deal also signals a broader trend of consolidation in the European logistics sector, as companies seek to build resilient, contactless delivery ecosystems to meet rising e‑commerce demand.
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