FedEx (FDX) Acquires 37% Stake in InPost to Expand European Out-of-Home Parcel Network

FedEx (NYSE: FDX) will acquire a 37% stake in Poland-based InPost for about $2.6 billion, part of a $9.2 billion transaction that will make InPost private. The partnership leverages InPost’s 61,000 parcel lockers and 34,000 pick-up/drop-off points to outsource lower-density B2C last-mile volumes, freeing capacity to focus higher-margin B2B services. The deal is expected to close in H2 2026, subject to shareholder and regulatory approval, and is forecast to be accretive to earnings within one year. InPost serves over 100,000 e-commerce sellers and delivered 1.4 billion parcels in 2024, up 25% from 2024, with adjusted operating margins of 29% in the first nine months of 2025. The integration will enhance FedEx’s European operations, expand InPost’s locker network, and support the growth of out-of-home parcel delivery while aligning with FedEx’s strategy to emphasize high-value B2B and premium e-commerce.