Yodel has been acquired by YDLGP, a consortium which includes 29-year-old entrepreneur Jacob Corlett, founder of Shift, the tech-based delivery firm that bought Tuffnells in June last year.
Its new owners plan to form a ‘disruptive logistics powerhouse’ serving both the parcels market through the Yodel business, and larger, irregular dimensions and weights (‘IDW’) freight through the Tuffnells brand, all underpinned by Shift’s AI driven technology platform.
The consortium added that the deal will also safeguard thousands of UK jobs. YDLGP’s purchase, for an undisclosed sum, sees it take on Yodel’s client base, which includes Very.co.uk, Wren Kitchens, Gousto, Vinted, Whistl and Argos.
For the year ended 31 December 2023, Yodel generated £561.8m and has recently added new clients including Boden and Zalando.
