FedEx announced on Wednesday that it has acquired P2P Mailing Limited, a UK-based provider of worldwide eCommerce transportation solutions, for a reported £92 million.
In a statement, the company said P2P’s capabilities complement and expand the FedEx portfolio of offerings important to the rapidly growing global eCommerce marketplace.
Established in 2009, P2P provides customers with unique last-mile delivery options, leveraging its relationships with private, postal, retail and clearance providers in over 200 countries.
“Global e-commerce continues to grow at a rapid pace, and more and more merchants, marketplaces, e-commerce and social platforms are looking for innovative, cost-effective ways to get merchandise from distribution points in one country to customers in another. By adding P2P to the FedEx portfolio, we will be able to effectively serve even more elements of the e-commerce market.”
Carl W. Asmus, President and CEO, FedEx Cross Border
P2P is headquartered in Laindon, United Kingdom and will operate as a subsidiary of FedEx Cross Border within the FedEx Trade Networks operating company.
P2P strength is in its cross-border logistics solutions, and as one of its Infographics highlights, the company uniquely understands the diversity of preferences by consumers in different countries.
Do you currently use P2P and if so, what do you think about this purchase by FedEx? Head over to our Facebook Discussion Group or use the comments section below.
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