AMSTERDAM & LUXEMBOURG--(BUSINESS WIRE)--Funds managed and/or advised by Advent International, L.P. and its affiliates (“Advent”), FCWB LLC, a wholly owned subsidiary of FedEx Corporation (“FedEx”), A&R Investments Ltd. (“A&R”) and PPF Group (“PPF”), together with InPost – a leading European e-commerce solutions enabler specializing in out-of-home delivery and automated parcel lockers – have re...
A consortium led by FedEx and InPost investors has agreed to buy out the parcel locker company in a 7.8 billion euro ($9.2 billion) deal aimed at expanding InPost's reach across Europe while giving FedEx access to its locker network, the companies said on Monday.
FedEx has outperformed UPS year to date and over the past five years. UPS has the higher valuation despite growing at a slower rate than FedEx and having lower net income growth.
The industrials sector has been a big beneficiary of the rotation out of tech, with a number of defense and transportation stocks hitting new highs on Wednesday.
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