Polish logistics giant InPost has acquired a majority stake in British parcel company Yodel, marking a significant step in its international expansion.

On Thursday, InPost announced it had secured a 95.5% share in Judge Logistics—the parent company of Yodel—by converting £106 million in existing convertible bond financing into equity. With this move, InPost becomes the UK’s third-largest independent logistics operator, trailing only Royal Mail and Evri.

The acquisition will integrate Yodel’s door-to-door delivery services with InPost’s network of over 10,000 parcel lockers in the UK, uniting them under one brand. The two companies had already started working together last October, when Yodel began delivering parcels from InPost lockers to customers’ doorsteps.

Together, the combined operation expects to handle around 300 million parcels annually, serving roughly 700 online retailers—giving InPost an estimated 8% share of the UK parcel market, according to Effigy Consulting.

InPost, headquartered in Kraków, said the acquisition fast-tracks its UK growth strategy by five years.

“This investment marks a pivotal moment in establishing InPost’s pan-European presence,” CEO Rafał Brzoska stated.

In 2024, the company reported strong financial results, with revenue up 23.5% year-on-year to PLN 10.9 billion (USD 2.9 billion), and adjusted EBITDA rising 33.5% to over PLN 3.5 billion. Parcel volumes also jumped 22% to 1.1 billion items, while more than 11,500 new lockers were added across Europe—a 32% expansion of its network. Photo by Yodel distribution centre, Bar Hill by Hugh Venables, Wikimedia commons.