FedEx and Consortium Announce Strategic Acquisition of InPost

On February 9, 2026, a consortium comprising FedEx Corporation, Advent International, A&R Investments Ltd., and PPF Group announced a significant all-cash offer for InPost, a leading European e-commerce solutions provider. The proposed acquisition values InPost at approximately EUR 7.8 billion, with an offer price of EUR 15.60 per share, inclusive of dividends. This strategic move aims to enhance the consortium's position in the rapidly growing European delivery market.

The offer is conditional and is expected to close in the second half of 2026, pending shareholder approvals and regulatory clearances. The consortium will be structured post-settlement with each member holding the following stakes: Advent (37%), FedEx (37%), A&R (16%), and PPF (10%). Notably, PPF plans to sell its entire stake but will reinvest a portion to maintain a minority position in the consortium.

InPost, known for its automated parcel lockers and out-of-home delivery solutions, will retain its operations in Poland and continue to function as an independent entity. The transaction is positioned to unlock significant growth opportunities, leveraging InPost's innovative solutions and expanding its reach across Europe.

InPost has made substantial strides in the e-commerce logistics sector, quadrupling its parcel volumes from 2020 to 2025. With a current network of over 61,000 automated parcel lockers, InPost is well-positioned to capitalize on increasing consumer demand for convenience in delivery services. The consortium's backing is expected to support further expansion into key markets such as France, Spain, Portugal, Italy, the Benelux region, and the UK.

Rafał Brzoska, CEO and Founder of InPost, expressed optimism regarding the partnership, citing it as a crucial step towards achieving their growth ambitions. He stated, “By partnering with the long-term financial and strategic investors of the Consortium, we benefit from the expertise, stability, and resources needed to capitalize on strong tailwinds, including increasing e-commerce penetration and rising consumer demand.”

The consortium's commitment to InPost’s existing strategy includes enhancing its European footprint and deepening partnerships across the e-commerce value chain. Ranjan Sen, Managing Partner at Advent, emphasized the transformative potential of InPost within the European e-commerce landscape, highlighting their intention to support the expansion of InPost's locker network and enhance customer offerings.

Raj Subramaniam, CEO of FedEx, commented on the synergy expected from this collaboration, indicating that it would allow both companies to leverage complementary strengths. The integration of FedEx’s extensive global network with InPost’s last-mile capabilities is anticipated to improve service efficiency and profitability in European operations.

The offered price of EUR 15.60 per share represents significant premiums compared to InPost's recent stock performance, with a 50% premium to the closing share price of EUR 10.4 as of January 2, 2026. The boards of both companies believe the offer represents compelling value for shareholders, ensuring immediate and certain returns.

The transaction will be financed through a combination of equity and debt, with Advent, FedEx, A&R, and PPF committing approximately EUR 5.9 billion in equity and securing up to EUR 4.95 billion in debt financing. This robust financial backing underscores the consortium's confidence in the long-term growth potential of InPost.

To ensure a thorough evaluation of the transaction, a special committee was established, with oversight from the supervisory board. This committee has engaged in extensive discussions and negotiations to ensure that the interests of all stakeholders are adequately represented.

The consortium plans to launch the formal offer in the second quarter of 2026, with two extraordinary general meetings (EGMs) scheduled to inform shareholders and allow voting on the proposed resolutions.

The proposed acquisition of InPost by the consortium, including FedEx, is poised to reshape the landscape of European e-commerce delivery services. With strong financial backing and a commitment to preserving InPost’s operational independence, this strategic initiative aims to unlock significant value for shareholders and enhance service offerings across the continent. As the consortium moves forward with the acquisition process, the market will be closely watching developments that could redefine delivery logistics in Europe.