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A consortium led by investment firm Advent International and logistics giant FedEx has agreed to acquire European parcel locker operator InPost in a deal valued at about €7.8 billion ($9.2 billion), marking one of the largest transactions in the continent’s fast-growing e-commerce logistics sector this year.

The buyers will pay €15.60 per share for InPost, the companies said Monday, taking the Amsterdam-listed firm private as they look to accelerate its expansion across key European delivery markets.

Founded in Poland, InPost operates one of Europe’s largest networks of automated parcel machines, with tens of thousands of lockers installed across nine countries. The company has benefited from rising online shopping volumes, as retailers and consumers increasingly favor out-of-home delivery options that lower costs and reduce missed deliveries.

Despite strong volume growth, InPost’s public-market performance has been uneven since its 2021 listing. Heavy capital spending to scale operations, combined with margin pressure, weighed on profitability and investor sentiment. The move to private ownership is expected to give management more flexibility to pursue long-term growth without quarterly market pressure.

Under the transaction terms, Advent and FedEx will each hold 37% of InPost. Founder and Chief Executive Rafał Brzoska, through his investment vehicle A&R, will retain a 16% stake, while Czech investment group PPF will own the remaining 10%. All four parties were already shareholders before the deal.

Advent originally acquired a controlling stake in InPost in 2017, later reducing its holding as the company prepared for its stock market debut. PPF and A&R have remained major backers, signaling continued confidence in InPost’s strategy.

The company will keep its name, leadership team, and headquarters in Poland following the acquisition.

Executives said private ownership will support a renewed push into Western and Southern Europe, including France, Spain, Portugal, Italy, the Benelux region, and Britain — the largest e-commerce market in Europe. InPost has already expanded its footprint through acquisitions, including the purchase of British delivery firm Yodel and a Spanish logistics company last year.

FedEx’s participation adds strategic weight to the deal, linking InPost’s dense locker network with a global delivery platform at a time when logistics firms are seeking cost-efficient “last-mile” solutions.

“Together, we will strengthen our network and reach more consumers with faster and more flexible delivery options,” Brzoska said in a statement, adding that the partnership aligns with InPost’s long-term ambitions in European e-commerce.

InPost disclosed in January that it had received a preliminary takeover approach from an unnamed party, setting the stage for the current agreement.

The transaction is expected to close in the second half of the year, subject to regulatory approvals.