InPost has confirmed that a consortium led by FedEx and private equity group Advent has forged a €7.8bn (£6.8bn) deal to buy a majority stake in the business.
FedEx and Advent will each own a 37% stake in the Polish parcel locker company, with the investment company of InPost’s founder and chief executive Rafał Brzoska owning 16% and PPF, the Czech investment firm of the Kellner family, holding the remaining 10%.
Confirming the takeover by the consortium, Rafał Brzoska, InPost chief executive and founder, said: “Together, we will strengthen our network and reach more consumers with enhanced fast and flexible delivery options as we continue our objective of redefining the European e-commerce sector.”
He added: “Importantly, I remain fully committed to leading the InPost Group. Our headquarters, management team and key innovation capabilities will remain in Poland, which will continue to be the centre for implementing the group’s successful strategy,
The company, which was founded in 1999 has grown rapidly to become a major European provider of automated parcel lockers (APMs) and out-of-home delivery services, offering 24/7, label-free, and contactless, courier, and return options.
It boasts over 60,000 lockers and 33,000 PUDO (pick-up/drop-off) points across nine European countries, with over 11,000 lockers in the UK alone. InPost also owns UK parcel delivery firm Yodel which it bought in April last year.
The takeover partners said they expected to close the deal in the second half of this year.
