The UK parcel delivery company Yodel has been bought by the Polish parcel locker firm InPost in a £106m deal.
This will create the third-largest independent delivery business serving online retailers in Britain.
“This acquisition marks a pivotal milestone in InPost’s journey to revolutionise the UK delivery market, as well as the group pan-European presence,” Rafał Brzoska, the founder and chief executive of InPost Group, said in a statement.
“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.”
The GMB union welcomed InPost’s takeover of Yodel, which employs about 10,000 people. “Yodel has endured a tumultuous 12 months. GMB welcomes today’s news which will secure workers’ future for the long term,” its national lead organiser, Gill Ogilvie, said.
“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.”
