InPost Acquires Yodel
InPost Acquires UK-Based Yodel to Become the Third-Largest Independent Parcel Delivery Player in Britain
Polish parcel locker giant InPost has acquired Yodel, one of Britain’s largest independent parcel delivery firms, in a transaction valued at approximately €160 million (£136 million). The acquisition cements InPost’s position as the third-largest independent logistics player in the United Kingdom, significantly expanding its operational footprint and customer base.
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Under the terms of the deal, InPost converted its existing loan of £106 million to Yodel’s parent company, Judge Logistics Ltd (JLL), into equity, acquiring 95.5% ownership. PayPoint retains a minority stake of 4.5%. The acquisition was structured as a debt-to-equity conversion, including additional debt refinancing.
The deal follows InPost’s October 2024 acquisition of Menzies Distribution and builds on an operational partnership established with Yodel in late 2024, when Yodel began providing last-mile services for InPost’s “locker-to-door” delivery model.
Transforming the UK Delivery Market
The acquisition will allow InPost to deliver over 300 million parcels annually in the UK and expand its network to over 18,000 out-of-home pick-up points, including 10,000 automated parcel machines. It also boosts InPost’s UK market share from 2% to 8%, with over 700 e-commerce merchants now integrated into its network.
“This acquisition marks a pivotal milestone in InPost’s journey to revolutionise the UK delivery market and strengthens our pan-European presence,” said Rafał Brzoska, founder and CEO of InPost Group.
“We have just fast-forwarded five years of organic expansion. Britain is a market where we see enormous opportunity for growth, and with this acquisition, we are now well-positioned to transform delivery services as we have done in other European markets.”
The GMB union, representing Yodel’s 10,000 employees, welcomed the deal as a long-term job security boost following a turbulent period for Yodel.
Strategic and Financial Impact
The UK is now expected to account for around 30% of InPost Group’s revenue. InPost anticipates that the deal will be accretive to EBITDA within 12 months. The acquisition also reflects the broader transformation of the UK’s logistics sector, amid booming online shopping demand and major industry shake-ups like the recent takeover of Royal Mail’s parent company.
InPost, which placed its first parcel locker in Kraków in 2009, continues to expand aggressively across Europe, though CEO Brzoska noted that while Germany remains an attractive future opportunity, there are no immediate plans for entry into the German market.
