FedEx Corp. (NYSE:FDX) has announced that it has acquired P2P Mailing Limited, a provider of worldwide e-commerce transportation solutions, for GBP92 million, the company said.
P2P´s capabilities complement and expand the FedEx portfolio of offerings important to the rapidly growing global e-commerce marketplace.
P2P provides customers with unique last-mile delivery options, leveraging its relationships with private, postal, retail and clearance providers in over 200 countries. Its industry-leading technology and processes provide plug-and-play options with carrier networks and customer systems.
P2P is headquartered in Laindon, United Kingdom and will operate as a subsidiary of FedEx Cross Border within the FedEx Trade Networks operating company.
FedEx Corp. (NYSE: FDX) provides customers and businesses worldwide with a broad portfolio of transportation, e-commerce and business services. With annual revenues of USD 64 billion, the company offers integrated business applications through operating companies competing collectively and managed collaboratively, under the respected FedEx brand.