FedEx will acquire Polish courier company Opek Sp. z o.o, likely finalizing the sale in late summer, said Jess Bunn, manager of investor relations at FedEx. Bunn did not disclose terms of the acquisition.
This acquisition is the latest in a plan to expand FedEx's presence in Europe, Bunn said, adding that the company first entered the Polish market in 1989. FedEx acquired ANC Holdings Limited, a UK company, and Flying Cargo Hungary Kft in 2006 and 2007, respectively.
These acquisitions make it easier for American companies to ship overseas with FedEx, Bunn said, because a bigger network makes shipping more seamless. For instance, an item no longer has to be passed from FedEx to Opek when it arrives in Poland. “It represents an easier, more comprehensive way to ship from the United States to Poland, with FedEx being the sole carrier,” he said.
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