"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."
"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."
"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."
InPost has been agreed to be purchased for £6.8 billion by a consortium led by FedEx and private equity firm Advent to expand across Europe and the UK. The parcel locker group received an offer of £13.59 per share for the Polish head office, valuing it 17.3% above the Amsterdam closing price and roughly 50% above the January share price. The InPost brand will remain and founder and chief executive Rafat Brzoska will continue in charge. The consortium intends a long-term approach to value creation and plans to strengthen the network, capitalise on rising e-commerce penetration, growing consumer demand for speed and convenience, and the shift toward more sustainable delivery solutions. FedEx will form agreements to integrate InPost's last-mile B2C capabilities with its global network and logistics expertise to support growth.
Read at London Business News | Londonlovesbusiness.com
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