Evri is majority-owned by funds managed by Apollo Global Management, an American investment firm.
DHL Group, the German logistics company, also owns a significant minority stake following the completion of its UK eCommerce merger with Evri in October 2025.
According to DHL Group’s 2026 financial reporting, its ownership interest in the enlarged Evri business stands at 30.29%.
Apollo-managed funds remain the majority shareholder, although their exact percentage should not be assumed simply by subtracting DHL’s interest.
For millions of UK customers, Evri is a familiar parcel delivery company. Behind its courier network, however, is a business that has experienced several ownership changes, from its earlier association with Germany’s Otto Group to investment by Advent International, Apollo’s acquisition and the subsequent DHL partnership.
These changes help explain how Evri has developed into a larger parcel, mail and logistics group.
Who Currently Owns Evri in 2026?
As of October 2026, Evri operates under an ownership structure involving two major investment interests.
Apollo-managed funds are the majority owner, while DHL Group holds a 30.29% minority interest in the group holding structure, as disclosed in its financial statements for the first half of 2026.
The ownership arrangement followed the combination of Evri and DHL eCommerce UK, which officially completed on 1 October 2025.
It is important to distinguish between the two shareholders.
Apollo is a global investment manager whose managed funds acquire and invest in companies across various industries. Its involvement in Evri reflects a private equity investment strategy.
DHL Group, by comparison, is an established international logistics business. Its investment creates a commercial relationship between Evri’s UK delivery network and DHL’s logistics expertise.
Evri’s own corporate tax and ownership disclosure confirms that the UK group is majority-owned by Apollo Global Management Group, with a minority interest held by Deutsche Post DHL Group.
This means Evri is neither fully owned by DHL nor independently owned by its management team.
How Much of Evri Does DHL Own?
DHL’s shareholding is particularly important because many earlier ownership summaries described it only as a significant minority investment.
The company’s 2026 half-year financial report provides a more precise figure of 30.29%.
The report identifies Project Edge Topco Limited as the holding company involved in the transaction.
The disclosure also explains that DHL contributed its UK businesses to Evri and made an additional cash payment of €343 million for further shares.
Although the remaining 69.71% is outside DHL’s disclosed holding, this should not automatically be described as Apollo’s exact shareholding. Other ownership interests, including management-related holdings, can form part of a private company’s equity structure.
Another distinction concerns governance. European merger documentation described the transaction as involving joint control by Apollo Capital Management and DHL’s eCommerce holding business.
Therefore, Apollo’s majority shareholding does not necessarily mean DHL has no influence over important strategic decisions.
Who Owned Evri Before Apollo?
Evri’s ownership history is closely connected to Hermes, the delivery business from which its current brand developed.
Before the present structure emerged, Evri had connections with Germany’s Otto Group and later the American private equity investor Advent International.
Otto Group and the Hermes Years
Evri’s roots can be traced to Yorkshire in 1974, but the company’s development into a national parcel delivery network took place over several decades.
The business became widely recognised as Hermes UK, operating within the German Otto Group’s logistics interests.
In 2020, Otto entered into a transaction with Advent International. Advent acquired a 75% interest in Hermes Parcelnet Limited in the UK, while Otto retained a minority interest.
The change brought substantial outside investment into the British delivery operation.
For readers interested in the earlier business identity, the history of what Evri was called before explains the transition from Hermes to the brand customers recognise today.
Advent International and the 2022 Rebrand
Advent became Evri’s controlling investor during a period of significant growth in UK online shopping.
Its ownership was associated with investment in distribution infrastructure, operational technology and customer service.
In March 2022, Hermes UK was rebranded as Evri.
The name change was intended to establish a new identity for the delivery company while it continued developing its national courier network.
Advent subsequently announced that it had invested nearly £200 million during its ownership period, including improvements to distribution facilities.
The rebranding did not itself transfer ownership to Apollo. That happened later.
Apollo’s Acquisition in August 2024
On 25 July 2024, Apollo announced an agreement for funds under its management to acquire Evri from Advent International.
The acquisition completed on 23 August 2024, placing Evri under Apollo-managed fund ownership.
Apollo’s investment strategy centred on supporting Evri’s development in the growing eCommerce delivery market.
At the time, Alex van Hoek, Apollo Private Equity Partner, identified Evri’s delivery infrastructure, technology and operating model as important attractions for the investment.
He also highlighted the opportunity to support management in expanding the business.
This is significant because Apollo was not simply acquiring a familiar parcel delivery brand. The investment provided exposure to the wider growth of online shopping and the logistics services supporting it.
Why Did Evri Merge With DHL eCommerce UK?
The next major change in Evri’s ownership structure came in 2025.
On 14 May 2025, Evri and DHL announced plans to combine their UK parcel delivery operations.
The Competition and Markets Authority cleared the transaction in September, and Evri confirmed its official completion on 1 October 2025.
The agreement involved Evri acquiring DHL eCommerce UK’s business while DHL Group received its minority ownership interest in the enlarged company.
The arrangement was designed to combine complementary delivery capabilities.
Evri had an established courier network serving online retailers, individual customers and parcel marketplaces.
DHL eCommerce UK contributed premium delivery services, business mail operations and additional logistics capabilities.
Rather than replacing Evri’s existing services, the enlarged group could serve customers with different shipping requirements.
Martijn de Lange, Evri Group CEO, described the completed merger in October 2025 as a pivotal moment in the company’s history. He explained that bringing the two businesses together would give customers more options for domestic and international parcel logistics.
Meanwhile, Pablo Ciano, CEO of DHL eCommerce, emphasised that combining the businesses would support more efficient delivery solutions and provide customers with access to a wider international network.
Their statements reveal the commercial objectives behind the transaction: greater delivery coverage, a wider service portfolio and stronger opportunities in the UK eCommerce market.
For a closer examination of the transaction, the Evri and DHL merger involved more than a straightforward takeover, with important consequences for both ownership and service operations.
Is Evri Now Part of DHL?
Yes, in the sense that Evri and the former DHL eCommerce UK business are now part of a combined group in which DHL is a shareholder.
However, Evri is not a wholly owned subsidiary of DHL Group.
The difference is important.
The DHL eCommerce UK operation became part of Evri Group, while DHL received a minority stake in the enlarged business.
Other DHL divisions, including DHL Express, DHL Supply Chain and DHL Global Forwarding, were not transferred into Evri as part of this transaction.
These businesses continue to operate separately.
The combined group also includes UK Mail and Coll-8, strengthening its business mail and cross-border logistics offering.
Evri Premium, developed from the former DHL eCommerce UK delivery network, provides an additional service proposition focused on time-sensitive, higher-value and larger parcels.
For customers, this structure means the companies can share group ownership while retaining different services and delivery arrangements.
Who Is the CEO of Evri?
Evri is led by Martijn de Lange, who serves as Chief Executive Officer.
His responsibilities include overseeing business operations, developing commercial strategy and managing the company’s broader growth ambitions.
He continued leading Evri following Apollo’s acquisition and was appointed to lead the enlarged business following the DHL transaction.
It is important to distinguish ownership from management.
Apollo-managed funds and DHL hold equity interests in the business, while the executive leadership team manages day-to-day activities.
In the 2025 merger announcement, Alex van Hoek was identified as Evri Chairman and Apollo Partner. His comments welcomed DHL as a shareholder and emphasised the potential for technology, network investment and improved customer experience.
The announcement also identified Stu Hill, previously CEO of DHL eCommerce UK, as the executive responsible for the premium DHL network business within Evri Group.
The structure illustrates how major shareholders can influence strategic direction without directly managing individual parcel deliveries.
Is Evri a British or German Company?
Evri is a British parcel delivery business with an international ownership structure.
Its main operating company, Evri Limited, is registered in England and Wales under company number 03900782.
Its registered office is in Morley, Leeds, West Yorkshire.
However, the company’s ownership brings together investment interests from different countries.
Apollo Global Management is based in the United States, while DHL Group has its headquarters in Germany.
This means Evri remains a UK operating business even though its major investors are international organisations.
It is also important not to confuse Evri’s former Hermes delivery brand with the French luxury fashion company Hermès. They are separate businesses with no corporate relationship.
What Does Evri’s Ownership Mean for UK Businesses?
For UK retailers, online sellers and small businesses, the most relevant question is how these ownership changes influence delivery services.
Evri’s development under Apollo and its combination with DHL creates opportunities to expand its range of logistics services.
More Delivery Options
The enlarged group combines standard parcel delivery with premium services for businesses that need different levels of speed, security or parcel handling.
This could be useful for online retailers handling a mixture of low-value products, larger goods and more expensive purchases.
However, businesses should compare individual service specifications rather than assume all deliveries receive the same level of protection.
Wider International Logistics Capabilities
The combination with DHL’s UK operations supports Evri’s development beyond domestic parcel deliveries.
International shipping, customs clearance and business mail are increasingly relevant to eCommerce businesses selling across borders.
Coll-8 also adds customs and logistics expertise, particularly for trade connected with Ireland.
These capabilities may help retailers access more services through the same corporate group, although individual offerings and eligibility must still be checked.
Investment in Delivery Infrastructure
Evri has continued investing in its distribution network, technology and operational capacity.
For the financial year ending 1 March 2025, Evri reported revenue of approximately £1.85 billion and adjusted EBITDA of £341 million, alongside more than 807 million parcels delivered.
These figures cover the period before the DHL merger was completed.
The combined Evri Group subsequently outlined a business capable of handling more than one billion parcels and approximately one billion business letters annually.
The distinction between historical financial performance and post-merger operating ambitions matters when assessing the group’s growth.
Does New Ownership Guarantee Better Delivery?
Not necessarily.
New investment can support additional capacity, technology and service development, but ownership changes alone do not establish that customer satisfaction or delivery reliability has improved.
Retailers should continue monitoring delivery performance, claims procedures, shipping costs and customer feedback.
Equally, parcel delays or customer complaints should not be confused with evidence of company insolvency.
Questions about whether Evri has gone bust are separate from questions about who owns the business.
Can DHL Eventually Take a Larger Stake in Evri?
DHL’s 2026 financial reporting confirms that the original transaction included a call option relating to additional Evri shares.
A call option can provide contractual rights to purchase shares under specified conditions.
However, the existence of this option does not mean DHL has already increased its shareholding or will necessarily become the majority owner.
Any future ownership change would depend on the relevant agreements, exercise conditions and potential regulatory requirements.
For now, the latest verified financial disclosures identify Apollo-managed funds as the majority ownership interest and DHL as a significant minority shareholder.
FAQs About Evri Ownership
Does Amazon Own Evri?
No. Evri is not owned by Amazon. Apollo-managed funds are its majority owner, while DHL Group holds a significant minority interest. Evri may provide deliveries for online retailers, but commercial delivery contracts do not establish ownership.
Does Royal Mail Own Evri?
No. Royal Mail and Evri are separate parcel delivery businesses with different ownership structures.
Is Evri Still Owned by Advent International?
No. Advent sold Evri to Apollo-managed funds in 2024. Articles that continue to describe Advent as the current controlling investor are using outdated ownership information.
Did Dhl Buy Evri Completely?
No. DHL Group acquired a minority interest through the combination of DHL eCommerce UK with Evri. Apollo-managed funds retained majority ownership.
Who Was the Original Owner of Evri?
Evri developed from the former Hermes UK delivery business, historically associated with Germany’s Otto Group. Its ownership subsequently changed through Advent International and Apollo-managed funds.
Is Evri a Privately Owned Company?
Yes. Evri is privately held and is not independently listed on the London Stock Exchange. Its ownership is held through private investment and corporate holding structures.
Can Ordinary Investors Buy Evri Shares?
Evri shares are not directly available for public stock market trading. Investors cannot purchase Evri shares in the same way they buy shares in a listed company. Apollo and DHL are publicly traded companies, but investing in either does not provide direct, exclusive ownership of Evri.
