Polish parcel locker network InPost has acquired UK-based delivery company Yodel in a £106 million deal, positioning the combined operation as the third-largest independent parcel delivery business serving British online retailers.
Founded in Kraków in 2009, InPost said the acquisition will bring together its extensive network of parcel lockers and Yodel’s home delivery infrastructure, offering a fully integrated out-of-home and door-to-door service under one unified brand.
This move follows a challenging period for Yodel, which narrowly avoided collapse early last year. After being rescued in February, the company required additional funding just five months later. Previously owned by the Barclay brothers, Yodel has been through a turbulent financial stretch.
The GMB union welcomed the acquisition, highlighting the potential security it offers to Yodel’s 10,000 employees. Gill Ogilvie, the union’s national lead organiser, stated: “Yodel has endured a tumultuous 12 months. GMB welcomes today’s news which will secure workers’ future for the long term. The investment will help put Yodel back into the game as a leading competitor in the UK market, and we look forward to a positive working relationship.”
InPost’s acquisition significantly boosts its market presence in the UK, increasing its share from 2% to 8%. It also follows the company’s earlier acquisition of another UK logistics provider, Menzies Distribution, in October of last year.
The merged business is expected to handle over 300 million parcels annually in the UK and serve more than 700 online retailers. As a result, the UK will now account for roughly 30% of InPost Group’s total revenue.
Rafał Brzoska, founder and CEO of InPost Group, described the acquisition as a major milestone. “This marks a pivotal moment in our journey to transform the UK delivery market. We have essentially accelerated five years of organic growth with this single deal. There is massive opportunity for expansion here, and our logistics model has already reshaped delivery in several European markets. With this acquisition, we are ready to do the same in the UK.”
As part of the arrangement, InPost will acquire a 95.5% stake in Yodel’s parent company, Judge Logistics Ltd, through a debt-to-equity swap, converting a £106 million loan into shares. A minority 4.5% stake in the company will remain with PayPoint.
Once finalized, the deal will position the combined entity as the third-largest independent logistics operator in the UK e-commerce sector—behind Royal Mail and Evri, but excluding Amazon. The acquisition is seen as part of a wider shake-up in the logistics industry, driven by rising demand from the online shopping boom and increasing parcel volumes.
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