Shift steps in to rescue Yodel just in time
Yodel, the parcel delivery champ, was gnawing under a looming administration scare last week—until a “last minute” consortium swooped in. The new owners? Shift, a forward‑thinking courier firm, along with YDLGP and investment wizard Solano Partners.
Shift’s chief, Jacob Corlett, cuts across the usual corporate jargon and says, “We’re super proud of the Shifty ride we’ve built—a real tech‑logistics juggernaut that’s been scaling fast. A big part of that success? M&A moves, obviously.” He adds that the AI‑powered platform promises a future where efficiency and automation are the backbone of logistics.
Meanwhile, Mike Hancox, Yodel’s CEO, feels the sunrise of a new era: “This deal lets us keep our customers thriving and smooth out continuity for all our employees and partners. We’re thrilled to start this next chapter.”
Why Yodel matters
- Major clients like Wren Kitchens, Argos, Vinted, and Very.com.
- Last year’s revenue hit a cool £561.8 million.
- Facing possible administration—time‑critical rescue needed.
Solano’s voice in the mix
Jon Edirmanasinghe, Solano’s founding partner, wrapped it up with a confident note: “With the Yodel brand and scale in the UK, we can use fresh capital and Shift’s cutting‑edge tech to grab even more market share.”
What’s next for the newly united venture?
In plain terms: Yodel will now be carried forward on the Shift technology platform, bringing the best of both worlds—time‑trusted delivery services and AI‑driven logistics. Customers can breathe easy: no lingering admin hell, no service hiccups.
And that’s the scoop—think of it as a fleet rescue mission, only here are the “rescued” folks the parcels themselves, and the commander is Shift, ready to usher Yodel into a bright new era. Stay tuned; the next chapter is just getting started.
