Polish parcel locker and logistics company InPost (INPST.AS) has acquired Yodel Delivery Network Ltd, one of the UK’s largest parcel delivery firms.
The transaction positions InPost as the third-largest independent logistics player in the British market, with an estimated 8% market share, PAP Biznes reported.
Under the terms of the deal, InPost acquired 95.5% of Judge Logistics Ltd (JLL), Yodel’s parent company. The remaining 4.5% stake will be retained by PayPoint plc (PAYP.L). The acquisition was executed through a debt-to-equity conversion, whereby InPost converted £106 million in convertible loan notes previously issued to JLL into equity. The total value of the transaction, including debt refinancing, amounts to £136 million (approximately PLN 530 million).
The acquisition builds on a partnership formed between InPost and Yodel in October 2024, when Yodel began providing last-mile delivery for InPost’s “locker-to-door” service. By integrating Yodel’s infrastructure, InPost will now handle approximately 300 million parcels annually in the UK and expand its merchant network to over 700 e-commerce retailers.
The transaction further strengthens InPost’s out-of-home (OOH) delivery capabilities in the UK, which now include more than 18,000 pick-up points, among them 10,000 automated parcel machines (APMs). This makes InPost the operator of the largest OOH delivery network in the country.
“This acquisition marks a pivotal milestone in InPost’s journey to revolutionize the UK delivery market as well as our pan-European presence,” said Rafał Brzoska, CEO and founder of InPost. “It fast-tracks our organic growth by at least five years and provides a robust platform to offer innovative B2C next-day delivery services.”
The acquisition follows InPost’s earlier purchase of the remaining 70% of shares in Menzies Distribution Limited in October 2024, giving it full control over logistics operations across the UK. These strategic investments are part of InPost’s broader plan to invest £600 million in the UK by 2029, expanding infrastructure, creating up to 12,000 new jobs, and increasing parcel processing capacity.
In 2024, InPost delivered 93.2 million parcels in the UK—double the volume from 2023. The company’s revenue in the British market surged by 164% year-over-year to over PLN 1.2 billion. Across Europe, InPost handled 1.1 billion parcels last year, achieving record revenues of PLN 10.9 billion and an adjusted EBITDA of PLN 3.6 billion.
Despite speculation about expansion into Germany, Brzoska confirmed during a media call that there are no current plans to enter the German market, although it remains a long-term consideration under specific conditions.
“Our investments are set to revolutionize e-commerce for both consumers and sellers in the UK,” Brzoska said. “This is already our fastest-growing market, and with InPost’s innovative delivery model, we are uniquely positioned to meet rising consumer expectations.”
InPost’s emphasis on automation, convenience, and sustainability continues to resonate strongly in competitive e-commerce logistics landscapes, especially in markets like the UK where customer experience and last-mile efficiency are increasingly critical.
