A consortium comprising Advent International, FedEx, A&R Investments and PPF Group has reached a conditional agreement on a recommended all-cash public offer to acquire parcel locker company InPost in a deal valued at €7.8bn (US$9.2bn).
The proposed offer of €15.60 per share (cum dividend) represents a 50% premium to InPost’s undisturbed share price on January 2, 2026, and a 53% premium to its three-month volume-weighted average price prior to that date. The transaction is expected to complete in the second half of 2026, subject to regulatory approvals and shareholder acceptance.
Under the agreement, the consortium will be structured with Advent and FedEx each holding 37%, A&R holding 16% and PPF 10%. PPF will sell its current stake but reinvest part of the proceeds to retain a minority holding in the consortium. Around 48% of InPost shares have already been irrevocably committed to the offer by existing shareholders.
InPost will continue to operate as a standalone company under its current brand and management. Its headquarters will remain in Poland and CEO Rafał Brzoska will maintain his stake in the company through the consortium.
Hein Pretorius, chair of InPost’s supervisory board and special committee, said, “We are confident that the offer represents a compelling opportunity for shareholders to realize immediate and certain value at an attractive premium. We believe that the transaction provides a solid foundation for the future of InPost, with the consortium that has a long-term perspective on value creation and fully endorses the strategy.”
Brzoska added, “By partnering with the long‑term financial and strategic investors of the consortium who know our business and the industry well, we benefit from the expertise, stability and resources needed to capitalize on the strong tailwinds including increasing e-commerce penetration, rising consumer demand for speed and convenience and the shift toward more sustainable delivery solutions. 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.”
InPost operates more than 61,000 automated parcel lockers across Europe and has expanded rapidly in recent years, quadrupling parcel volumes between 2020 and 2025. The consortium said it will support the company’s existing strategy, including further expansion in markets such as France, Spain, Italy, Benelux and the UK, as well as continued investment in digital services and locker networks.
FedEx and InPost will remain independent competitors but plan to enter commercial agreements following completion of the transaction.
Raj Subramaniam, CEO of FedEx, said, “FedEx has a global network that powers the industrial economy, and InPost has a strong and successful presence in Europe’s out-of-home delivery segment. We will be entering into agreements with InPost following completion of the transaction that will provide our customers access to InPost’s last-mile B2C capabilities while bringing FedEx’s global network and logistics expertise to support InPost’s next phase of growth.”
InPost’s boards have unanimously recommended that shareholders tender their shares, stating the offer is in the best interests of the company and its stakeholders.
Related news, InPost reports record parcel volumes in Q4 and full-year 2025