FedEx, Advent International Complete €7.8B InPost Acquisition

A significant shift in Europe's parcel logistics sector has occurred with the successful conclusion of a €7.8 billion ($8.9 billion) acquisition of InPost. The deal, spearheaded by a consortium including global shipping giant FedEx and private equity firm Advent International, saw them secure a commanding 89.8% stake in the Polish out-of-home parcel locker network. This transaction marks a pivotal moment, granting FedEx substantial access to a rapidly expanding segment of the European consumer delivery market.

The acquisition's completion followed the consortium's tender offer, which surpassed the 80% minimum acceptance threshold. Shareholders will receive €15.60 per share, a price representing a substantial 50% premium over InPost's pre-announcement trading price. This valuation underscores the strategic importance and growth potential attributed to InPost's extensive infrastructure.

The ownership structure is a collaborative effort. Following the transaction's settlement, FedEx and Advent International will each hold a 37% share in the entity controlling InPost. Further bolstering the consortium are A&R Investments, the investment vehicle of InPost founder and CEO Rafał Brzoska, which will own 16%, and Czech investment group PPF with a 10% stake. Notably, Rafał Brzoska is expected to continue leading InPost as CEO, preserving the company's brand identity and operational base in Poland.

InPost operates one of Europe's most extensive out-of-home delivery networks, boasting over 61,000 automated parcel machines and 33,000 pickup points across nine European countries, including key markets like the U.K., France, Italy, and Spain. In 2025 alone, the company facilitated the delivery of approximately 1.4 billion parcels. This network has seen remarkable growth, quadrupling parcel volumes between 2020 and 2025 through organic expansion and strategic acquisitions.

For FedEx, this acquisition provides immediate and deep penetration into the European consumer parcel delivery ecosystem. The increasing consumer preference for out-of-home delivery solutions, as an alternative to traditional home delivery, makes InPost's established network highly valuable. The companies anticipate forging commercial agreements that will link FedEx's global reach, serving millions of businesses and recipients, with InPost's last-mile locker and delivery capabilities. This synergy is expected to enhance operational efficiency and profitability for FedEx's European business-to-consumer operations.

The move also signals a transition for InPost towards private ownership, with plans to delist the company from Euronext Amsterdam. The consortium aims to acquire full control, with provisions for further share acquisition to reach 100% ownership. This strategic realignment, backed by Advent International's private equity expertise and FedEx's global logistics prowess, positions InPost for continued expansion across the continent, particularly in markets like France, Spain, and the U.K.