Advent, FedEx-Led Group to Acquire Parcel Locker Firm InPost in $9.2 Billion Deal
By Axel Miller | 09 Feb 2026
Summary
A consortium led by private equity firm Advent International and global logistics leader FedEx Corporation has agreed to take European parcel locker operator InPost S.A. private in a deal valuing the company at €7.8 billion ($9.2 billion). The transaction represents a significant bet on the continued shift from traditional home delivery to automated “out-of-home” (OOH) logistics solutions.
AMSTERDAM / WARSAW, Feb 9 — InPost, a pioneer in the automated parcel machine (APM) sector, is set to delist from Euronext Amsterdam following a recommended all-cash offer from a consortium of long-term investors.
The offer price of €15.60 per share represents a 17.3% premium over InPost’s last closing price and nearly a 50% premium to its valuation in early January, before takeover rumors began circulating.
Strategic Bet on Out-of-Home Logistics
The acquisition comes as e-commerce giants and logistics providers seek more sustainable, cost-effective alternatives to “last-mile” home delivery. InPost operates more than 40,000 automated parcel lockers across nine countries, providing a low-emission alternative that reduces delivery truck mileage and failed delivery attempts.
“This transaction provides a solid foundation for the future of InPost,” said Hein Pretorius, Chair of InPost’s Supervisory Board. “The consortium has a long-term perspective on value creation and fully endorses our strategy of redefining European e-commerce fulfillment.”
Ownership Structure: Reinvesting for Scale
A key feature of the deal is the continued involvement of InPost’s existing major shareholders, who are rolling over significant portions of their equity into the new private structure:
| Entity | Post-Deal Ownership | Note |
|---|---|---|
| Advent International | 37% | Former majority owner returning to a co-lead role. |
| FedEx Corporation | 37% | Strategic partner gaining a leading out-of-home footprint. |
| A&R Investments | 16% | Investment vehicle of InPost founder and CEO Rafal Brzoska. |
| PPF Group | 10% | Czech investment firm (Kellner family). |
All three — Advent, A&R and PPF — are already shareholders in InPost. Advent previously held a majority stake after investing in 2017 but had since reduced its ownership.
InPost will retain its brand name, executive leadership team, and headquarters in Poland following completion.
The Path to UK and Southern European Expansion
Under private ownership, the consortium plans to accelerate InPost’s aggressive growth in high-demand regions. Following 2025 acquisitions of UK delivery firm Yodel and Spanish logistics operator Sending, InPost is now positioned as one of the largest independent carriers in the UK parcel market.
FedEx’s participation is particularly noteworthy. By integrating InPost’s locker technology with FedEx’s global shipping volume, the partners aim to create a “locked-in” cross-border delivery ecosystem spanning the UK, France, Spain and Italy — Europe’s largest e-commerce markets.
Why This Matters
The deal highlights how logistics players are doubling down on out-of-home parcel solutions as e-commerce penetrates deeper into everyday life. Automated parcel lockers address rising consumer demand for convenience, sustainability and flexible delivery — trends that were turbocharged by the pandemic and continue to reshape industry economics.
For FedEx, the acquisition provides immediate scale in Europe’s fast-growing OOH segment and complements its broader strategy to optimize delivery networks through technology and partnerships. For Advent, it represents a return to an asset it once controlled, now with stronger strategic tailwinds.
The transaction also signals continued consolidation in European logistics, with private capital playing a central role in funding long-term infrastructure and cross-border synergies.
FAQs
Q1. What is an “Automated Parcel Machine” (APM)?
An APM is a self-service locker system where customers can pick up or drop off packages at their convenience using a digital code, reducing reliance on doorstep delivery.
Q2. Why did InPost’s share price struggle as a public company?
Despite record volume growth, heavy upfront investment in international expansion weighed on short-term profitability, leading to subdued investor sentiment.
Q3. Will InPost change its name or management?
No. The company will retain the InPost brand and its current management team led by CEO Rafal Brzoska.
Q4. How does FedEx benefit from this deal?
FedEx gains a major out-of-home locker network across Europe, enhancing its delivery options for e-commerce clients and strengthening its strategic position.
Q5. When will the deal be completed?
The consortium expects the transaction to close in the second half of 2026, pending customary regulatory approvals and the formal tender of shares.
