Poland's InPost to buy Yodel in £106m deal
Poland's InPost said on Thursday that it has bought Yodel, one of the UK's largest parcel delivery companies, in a £106m deal.
InPost said the deal further consolidates its "leading position" in the UK e-commerce delivery market.
"By combining the largest out-of-home (OOH) delivery network with Yodel's strong home delivery capabilities, InPost will scale its operations significantly, expand its service offering, and provide greater convenience to retailers and customers," it said.
As a result of the acquisition, InPost UK's market share will increase to around 8% and it will become the third-largest agnostic ecommerce logistics carrier in the UK.
Under the terms of the transaction, InPost has bought 95.5% of Judge Logistics' share capital, the parent company of Yodel, with PayPoint retaining a minority stake of 4.5%.
Rafał Brzoska, founder and chief executive of InPost, said: "This acquisition marks a pivotal milestone in InPost's journey to revolutionise the UK delivery market as well as the group pan-European presence.
"We have just fast-forwarded five years of organic expansion in the UK and it is a clear reflection of our long-term commitment to this market, a market where we see enormous opportunity for growth. Our logistics model has transformed delivery in other European markets, and with this acquisition, we are now well positioned to do the same here."
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