Global merger
This morning, the acquisition by the American company for €4,4 billion was announced at a press conference. This deal combines the strengths of both companies, resulting in the world's largest express air network and an unprecedented European road network, expanding FedEx's existing portfolio and reshaping the global transport and logistics industry.
In its nearly 45 years, FedEx says it has reinvented itself several times and revolutionized the industry, from the first one-day express service with a money-back guarantee to online booking. And in the same way, it revolutionized the domestic parcel delivery business in the United States.
The multinational company believes that this strategic acquisition will add significant value for shareholders. FedEx, team members and customers around the world, particularly in Europe, where they will establish themselves as a strong competitor. As Alan B. Graf, Jr., executive vice president and chief financial officer of FedEx, said, "The TNT team members bring 70 years of diverse experience, which, combined with that of the FedEx team members, will make this integration a success."
Any questions about this news?
Talk to Coexia, the AI of the foreign trade
International business service providers
Moldtrans
Grupo Moldtrans is a comprehensive logistics operator with extensive experience in land, air and sea transport.read more...
FedEx Express
FedEx Express is the world's largest express transportation company. It offers a shipping service.read more...
AROLA
AROLA, through its various business areas, offers a comprehensive and customized logistics service.read more...
Pantoja Logistics Group
Pantoja Grupo Logístico is a 360° operator with 100% Spanish capital and family origins.read more...
DHL Express
DHL is the world leader in the logistics sector. DHL's divisions offer a portfolio of...read more...