Yodel, one of the UK’s largest parcel delivery companies, has been acquired by Polish Logistics solutions specialist InPost from Judge Logistics Ltd (JLL) in a £106m debt-to-equity deal.
The agreement follows hot on the heels of InPost’s acquisition of Menzies Distribution in October 2024 and positions InPost UK as the third-largest independent logistics player in the market, with around an 8% share.
The acquisition further consolidates InPost’s position in the UK e-commerce delivery market, combining the “largest out-of-home” delivery network with Yodel’s strong home delivery capabilities.
It also enables InPost to scale its operations significantly, expand its service offering and provide greater convenience to retailers and customers.
InPost said the “game-changing move dramatically accelerates growth and redefines delivery in the UK by seamlessly integrating out-of-home and to-door solutions under one powerful brand”.
Under the £106m finance package, InPost has acquired 95.5% of JLL’s stake in Yodel, with PayPoint retaining a minority stake of 4.5%. This builds on the existing partnership between Yodel and PayPoint. The JLL acquisition was structured as a debt-to-equity conversion, with InPost converting its existing loan to JLL into equity.
The acquisition builds on the partnership established between InPost and Yodel in October 2024, when Yodel began providing last-mile services through InPost’s ‘locker-to-door’ service.
The acquisition will allow InPost to accelerate UK growth and market share expansion, rising to around 300 million+ parcels annually and immediately expanding its merchant base to over 500+ e-commerce stores.
Rafał Brzoska, founder and CEO of InPost Group, commented: “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.”
Neil Kuschel, CEO of InPost UK, said: “This acquisition is a game-changer for InPost’s operations in the UK. Combining doorstep deliveries with our unrivalled locker network, we are reshaping the future of parcel delivery. We will be able to provide customers and e-commerce retailers with the reliability, flexibility and efficiency they expect. We’re excited to deliver more for the UK.”
The deal comes a year after Yodel was saved from collapse in a last-minute rescue deal led by YDLGP, a newly formed company, backed by a consortium of investors including Solano Partners as well as the leadership team behind logistics firm Shift.
Gill Ogilvie, national lead organiser at the GMB union, said: “Yodel has endured a tumultuous 12 months. GMB welcome’s 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.”
