FedEx is set to acquire a 37% stake in InPost for $2.6 billion, enhancing its European operations through InPost's extensive network.
FedEx will acquire a 37 per cent stake in Poland-based InPost for US$2.6 billion, aiming to strengthen its European operations by tapping into the parcel carrier's extensive locker and retail network, reports New York's FreightWaves. The deal, valued at $9.2 billion, will take InPost private and give FedEx access to 61,000 parcel lockers and 34,000 pick-up points across Europe.
Executives stated that the partnership will allow FedEx to offload lower density B2C volumes to InPost, thereby freeing capacity for higher margin B2B shipments. FedEx has been shifting its focus away from low-margin residential deliveries, while InPost's model offers efficiency gains and lower emissions compared to doorstep service.
InPost delivered 1.4 billion parcels in 2025, up 25 per cent from 2024, and posted adjusted operating margins of 29 per cent in the first nine months of last year. The company has expanded rapidly through acquisitions in the United Kingdom, France, Spain, and Italy.
FedEx CEO Raj Subramaniam told investors that the deal complements the company's profitable growth strategy, enabling participation in B2C shipping without undermining its B2B priorities. He noted that InPost's strong track record in out-of-home delivery aligns with FedEx's aim to improve efficiency and returns in Europe.
InPost customers will gain access to FedEx's global air and ground network, while FedEx will benefit from InPost's scalable model. Regional president Wouter Roels mentioned that more density drives stronger economics, with scope to expand into underpenetrated markets.
The transaction is expected to close in the second half of 2026, subject to shareholder and regulatory approval. FedEx stated that the deal will be accretive to earnings within a year. Analysts at Bank of Montreal Capital Markets questioned the need for an equity stake, suggesting that FedEx could have achieved similar benefits through commercial arrangements.
