InPost’s £106m acquisition of Yodel has been put on hold after London-based logistics platform Shift and Corja Holdings put in an injunction application to the High Court.
At a recent preliminary hearing concerning the injunction application, the High Court issued an order containing undertakings that limit Poland-based InPost’s ability to take significant steps toward integrating Yodel.
These restrictions include a pause on major changes related to investment decisions, leadership appointments, company restructuring and workforce adjustments.
Before InPost publicly disclosed its acquisition of Yodel on April 17, 2025, both Shift and its founder, Jacob Corlett, who also solely owns Corja Holdings, formally informed the company of their existing warrants.
These warrants reportedly entitled them to a controlling interest – over 66% of Yodel’s share capital – which would have effectively given them operational control of the business.
Despite receiving this formal notice, InPost proceeded with the acquisition of Yodel’s parent company while the warrants remained active.
At the time, the move was being described as game-changing and was set to allow InPost to scale its operations, with its UK market share increasing to around 8 per cent.
This would position the company as the third largest agnostic e-commerce logistics carrier in the UK.
Under the terms of the transaction, InPost was set to acquire 95.5% of Judge Logistics Ltd share capital (‘JLL’), parent company of Yodel Delivery Network (‘Yodel’), with PayPoint retaining a minority stake of 4.5%.
“Whilst deeply frustrating that InPost announced an acquisition without clear ownership agreed, I’m pleased interim court protections are now in place,” said Corlett.
“We’re confident the courts will uphold our rights. Hopefully, InPost will now review the situation properly and a meaningful dialogue can begin.
“Meanwhile, our priority remains safeguarding Yodel and its workforce and taking steps to enforce our rights through court proceedings, which I have zero doubt will be successful.”