Published: February 9, 2026
A consortium led by Advent International and FedEx has reached a definitive agreement to acquire InPost S.A. — Europe’s dominant automated parcel-machine (APM) operator — for approximately €9.22 billion in enterprise value, paying €15.60 per share in cash. The price represents a 50% premium to InPost’s undisturbed closing price on February 6, 2026 and values the company at roughly €8.6 billion equity value.
The transaction — one of the largest European logistics buyouts in recent years — has secured irrevocable undertakings representing ~48% of InPost’s share capital from major shareholders (including founder Rafał Brzoska’s vehicle A&R, PPF Group and others). Subject to customary regulatory clearances (including EU merger control and Polish/U.K. approvals), the deal is expected to close in the second half of 2026. Below is a complete analysis of the deal mechanics, strategic rationale, post-closing ownership structure, expansion plans, risks and what the acquisition means for the European last-mile logistics and e-commerce landscape in 2026–2027.
Deal Timeline & Key Milestones
| Date | Event | Status / Details |
|---|---|---|
| February 6, 2026 | Undisturbed closing price | ~€10.40 / share |
| February 9, 2026 | Deal announcement | €15.60 per share cash offer (€9.22B EV) |
| February 2026 | Irrevocable undertakings secured | ~48% of share capital (A&R, PPF, others) |
| Q1–Q2 2026 | Regulatory review (EU, Poland, UK) | Expected Phase I clearance |
| H2 2026 | Anticipated closing | Subject to approvals & conditions |
Ownership & Funding Structure Post-Deal
| Party | Post-Deal Stake (est.) | Role / Strategic Contribution |
|---|---|---|
| Advent International | ~37% | Lead financial sponsor; growth capital & M&A expertise |
| FedEx | ~37% | Strategic partner; last-mile network integration, cross-border know-how |
| A&R (Rafał Brzoska vehicle) | ~16% | Founder / CEO continuity; operational leadership |
| PPF Group | ~10% | Reinvestment from prior 28.75% stake; long-term financial partner |
| Free float / other minorities | 0% (full take-private) | Delisted from Euronext Amsterdam & Warsaw |
The deal is structured as a recommended cash offer followed by a squeeze-out of remaining minorities, resulting in InPost becoming a privately-held company controlled by the Advent-FedEx consortium.
Strategic Rationale – Why Advent & FedEx Want InPost
InPost operates the largest automated parcel-machine network in Europe:
- 61,000+ lockers across 9 countries (Poland, UK, France, Italy, Spain, Portugal, Benelux, Romania, Czechia)
- ~70% market share in Poland, strong #2–3 positions in France, UK, Italy
- Handled >1.2 billion parcels in 2025 (+~35% YoY)
- Revenue ~€2.8–3.0 billion expected in 2025; adjusted EBITDA margin ~38–40%
Key drivers for the buyers:
- Advent: Proven track record in logistics & consumer-tech buyouts; sees multi-year runway for organic growth + bolt-on acquisitions (Yodel UK, Spain Mondial Relay already owned by InPost)
- FedEx: Strategic fit with FedEx Express Europe — InPost’s out-of-home network complements FedEx’s B2B delivery; potential for joint B2C last-mile offering
- Synergies: Cross-selling opportunities, network density improvements, AI route optimization, expansion into under-penetrated markets (Germany, Nordics)
Market & Competitive Landscape – InPost vs Rivals
| Operator | Lockers / Points (2025) | Primary Markets | Market Position |
|---|---|---|---|
| InPost | 61,000+ | Poland, France, UK, Italy, Spain, Benelux | #1 in Poland & CEE, strong #2–3 in Western Europe |
| Amazon Locker | ~30,000 | UK, Germany, France, Italy | #1 captive network; limited third-party use |
| DPD Pickup / Mondial Relay | ~50,000 | France, Spain, Benelux | Strong in Southern Europe |
| Hermes / Evri ParcelShops | ~15,000 | UK | UK-focused |
| Packeta / Zásilkovna | ~12,000 | Czechia, Slovakia, Hungary | Regional CEE player |
Risks & Regulatory Considerations
- Regulatory approvals — EU merger control (Phase II risk if competition concerns arise in France/UK), Polish UOKiK review
- Integration execution — Merging FedEx’s B2B network with InPost’s B2C lockers requires careful cultural & operational alignment
- Macro sensitivity — E-commerce growth slowdown could pressure parcel volumes
- Debt load — Take-private transaction expected to add leverage; interest-rate environment critical
Trading & Positioning Implications on Tapbit
- Sign Up on Tapbit (0% maker fees)
- Deposit USDT via bank transfer / P2P
- Logistics M&A proxy: Long related European parcel / e-commerce names on deal momentum
- Risk-off hedge: Long XAU/USDT perpetuals if macro fears rise during regulatory review
- Risk control: Max 1–2% account risk per trade; isolated margin; trailing stops below key supports
FAQs – InPost $9.2B Takeover (February 2026)
What premium did Advent & FedEx pay for InPost?
€15.60 per share — a 50% premium to the undisturbed closing price on February 6, 2026 (~€10.40).
Who owns InPost after the deal closes?
Advent International and FedEx each ~37%, A&R (CEO Rafał Brzoska) ~16%, PPF Group ~10%. The company will be taken private and delisted from Euronext Amsterdam & Warsaw.
Why is FedEx buying into InPost?
Strategic fit: InPost’s 61,000+ B2C parcel lockers complement FedEx’s B2B delivery network, creating potential for end-to-end e-commerce logistics across Europe.
When will the deal close?
Expected in the second half of 2026, subject to EU merger control, Polish/U.K. approvals and other customary conditions.
Conclusion & 2026–2027 Outlook
The €9.22 billion take-private acquisition of InPost by Advent International and FedEx at a 50% premium reflects strong conviction in the structural growth of out-of-home parcel delivery across Europe. With 61,000+ smart lockers already in place and proven scalability (Poland, France, UK, Italy), the deal positions the consortium to capture rising e-commerce volumes, cross-border trade, and potential consolidation opportunities.
For investors: the transaction removes near-term public-market volatility but underscores the strategic value of automated last-mile infrastructure. Key events to monitor: regulatory approval timeline (Q2–Q3 2026), integration milestones, parcel-volume growth data, and any bolt-on M&A announcements — InPost’s network density and founder-led execution make it one of the most valuable private logistics assets in Europe post-closing.
Trade logistics & e-commerce momentum on Tapbit:
Disclaimer: Stock and cryptocurrency trading involve significant risk of loss. Prices are highly volatile and can change rapidly. M&A transactions are subject to regulatory approvals and may not close on the expected timeline or at all. This article is for informational purposes only and does not constitute investment advice. Always conduct your own research (DYOR) and never invest more than you can afford to lose completely.
