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Quadient, a Paris-based communications automation firm, launched a strategic review of its 28,000 parcel lockers on Monday.

The big picture: Quadient's decision follows FedEx and Advent's $9.2 billion bid for European locker firm InPost.

Between the lines: It's hard to imagine the move isn't somewhat inspired by the InPost deal, though Quadient's locker network is less than half the size of InPost's.

What's next: The strategic review includes "potential continued ownership and investment, strategic and financial partnerships, the sale of certain geographic operations or a disposal" of the locker division, per Quadient.

The company plans to provide an update when it reports its 1H26 earnings results on Sept. 23.

By the numbers: Quadient's lockers generated nearly $130 million (€114 million), accounting for 11% of Quadient's total revenue, in fiscal 2025.

The Lockers Solution unit, which operates in the U.S., U.K., Japan and other countries, turned EBITDA positive in fiscal 2024, the company says.

Its EBITDA margin expanded to 5% in fiscal 2025, and it is expected to exceed 10% in fiscal 2026.

Subscription revenue has grown at double digits over the past four years to reach two-thirds of locker revenue in fiscal 2025 and 80% in Q1 of fiscal 2026.

Catch up quick: Quadient built out the network through M&A.

It acquired Kansas-based Package Concierge and its 3,000 U.S. lockers in late 2024, and paid more than $100 million for Irvine, Calif.-based Parcel Pending in 2019, when Quadient was still known as NeoPost.

Its Japanese network, called Packcity Japan, is a joint venture with Yamato Transport that partners with Japan Post.

💭 Colin's thought bubble: If U.S. readers are scratching their heads, consider the near ubiquity of public transit in Europe and Asia.

Picking up a package at the train station doesn't require an extra trip if you're already taking the train to work and other destinations every day.

Lockers also offer cost savings because they don't require staffing, as well as expanded delivery and pickup hours because they can be accessed 24/7.

There's money in the parcel locker

FedEx and Advent's $9.2 billion bid for European locker firm InPost caught the sector's attention.

Illustration of a line of lockers with one open showing an interior lined with large dollar bills

Quadient, a Paris-based communications automation firm, <a class="gtmContentClick" data-vars-link-text="launched a strategic review" data-vars-click-url="https://sg.finance.yahoo.com/news/quadient-announces-strategic-review-lockers-063000885.html" data-vars-content-id="0bf958d9-5ebf-4584-aa3f-691b094536f4" data-vars-headline="There&#x27;s money in the parcel locker" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://sg.finance.yahoo.com/news/quadient-announces-strategic-review-lockers-063000885.html" target="_blank">launched a strategic review</a> of its 28,000 parcel lockers on Monday.The big picture: Quadient&#x27;s decision follows <a class="gtmContentClick" data-vars-link-text="FedEx and Advent&#x27;s $9.2 billion bid" data-vars-click-url="https://www.axios.com/pro/supply-chain-deals/2026/02/09/inpost-9b-advent-fedex" data-vars-content-id="0bf958d9-5ebf-4584-aa3f-691b094536f4" data-vars-headline="There&#x27;s money in the parcel locker" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.axios.com/pro/supply-chain-deals/2026/02/09/inpost-9b-advent-fedex" target="_self">FedEx and Advent&#x27;s $9.2 billion bid</a> for European locker firm InPost.

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There's money in the parcel locker

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