A consortium led by FedEx and Advent International has completed its tender offer for InPost after securing approximately 89.8% of the Polish parcel-locker company’s shares, clearing the threshold required for the €7.8 billion ($8.9 billion) acquisition, according to Bloomberg. The transaction gives FedEx a major foothold in Europe’s rapidly growing out-of-home parcel delivery market.
Approximately 89.81% of InPost shares were tendered by the September 18 deadline, exceeding the 80% minimum acceptance condition attached to the offer. The consortium is paying €15.60 in cash for each InPost share.
The €15.60 offer price represents a 50% premium to InPost’s undisturbed closing price of €10.40 on January 2, 2026 and a 53% premium to its three-month volume-weighted average price before that date.
The ownership group combines two major institutional investors with InPost’s founder and an existing shareholder.
After settlement, FedEx and Advent will each hold 37% of the consortium that controls InPost. A&R Investments, the investment company founded by InPost founder and CEO Rafał Brzoska, will own 16%, while Czech investment group PPF will hold the remaining 10%.
Brzoska is expected to remain CEO, while InPost will retain its brand, headquarters in Poland and existing management structure.
InPost and FedEx are also expected to remain operationally independent rather than combining their businesses directly. Following completion, they plan to enter into arm’s-length commercial agreements designed to take advantage of complementary logistics networks.
The partnership could significantly expand FedEx’s position in European consumer parcel delivery.
InPost has built one of Europe’s largest out-of-home delivery platforms, with more than 61,000 automated parcel machines and over 33,000 pickup and drop-off locations across nine countries, including Poland, the U.K., France, Italy, Spain, Portugal, Belgium, the Netherlands and Luxembourg. The company delivered approximately 1.4 billion parcels in 2025.
The network has expanded rapidly beyond InPost’s original Polish market.
Between 2020 and 2025, parcel volumes quadrupled as the company grew through organic investment and acquisitions across Western Europe. Its expansion has included particularly significant operations in the U.K., France, Spain and Italy.
For FedEx, the investment provides immediate access to a large European parcel-locker ecosystem at a time when consumers increasingly choose out-of-home delivery as an alternative to residential doorstep delivery.
The companies have previously said that commercial agreements between FedEx and InPost could connect FedEx’s global network of approximately 3 million businesses and 225 million recipients with InPost’s locker and last-mile delivery network.
FedEx also expects the relationship to support growth in out-of-home delivery while potentially improving the profitability and efficiency of its European business-to-consumer operations.
Based on the original offer price, FedEx’s investment in the consortium was valued at approximately $2.6 billion. FedEx has said it plans to finance its portion using available cash, existing or new liquidity sources, or a combination of those options.
Advent brings additional private equity capital and experience across logistics, technology and consumer businesses.
The consortium has said it intends to continue supporting InPost’s existing strategy, including further expansion of its locker network in France, Spain, Portugal, Italy, the Benelux region and the U.K.
The transaction also moves InPost toward private ownership.
The consortium plans to delist InPost from Euronext Amsterdam and ultimately obtain 100% control of the business. With the tendered stake currently below 95%, the group can pursue additional tenders and other steps contemplated by the transaction structure to acquire the remaining shares.
The consortium is expected to announce by September 23 whether the offer has been declared unconditional and may open a post-acceptance period allowing additional shareholders to tender their shares.
The acquisition comes five years after InPost listed in Amsterdam in 2021.
InPost has continued expanding rapidly since the listing, although its shares have faced pressure from greater competition in Poland and the substantial capital required to build its international network.
The new ownership structure provides InPost with FedEx’s global logistics capabilities and Advent’s capital and private equity expertise while allowing Brzoska to retain a meaningful ownership position as the company pursues its next phase of European expansion.
