InPost has agreed to be purchased for £6.8 billion by consortium led FedEx and private equity firm Advent as they are to expand across Europe and the UK.
The parcel locker group has been offered £13.59 a share for the Polish head office. The Polish headquarters is valued at 17.3% more than the closing price in the company’s Amsterdam office on Friday, which is also 50% above the share price in January.
The InPost brand will continue to remain, the founder and chief executive Rafat Brzoska will continue to be in charge.
Hein Pretorius, chair of the supervisory board of InPost, said, “We believe that the transaction provides a solid foundation for the future of InPost, with the consortium that has a long-term perspective on value creation and fully endorses the strategy.”
Brzoska said, “Building on our success in Poland, this transaction will support our next phase of growth as we continue to grow across Europe.
“By partnering with the long-term financial and strategic investors of the consortium who know our business and the industry well, we benefit from the expertise, stability and resources needed to capitalise on the strong tailwinds including increasing e-commerce penetration, rising consumer demand for speed and convenience and the shift towards more sustainable delivery solutions.
“Together, we will strengthen our network and reach more consumers with enhanced fast and flexible delivery options as we continue our objective of redefining the European e-commerce sector.”
Raj Subramaniam, chief executive of FedEx, said, “We will be entering into agreements with InPost following completion of the transaction that will provide our customers access to InPost’s last-mile B2C (business-to-consumer) capabilities while bringing FedEx’s global network and logistics expertise to support InPost’s next phase of growth.”
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