FedEx acquires P2P Mailing for Euro 92 million
March 28, 2018: FedEx Corp recently acquired UK-based worldwide e-commerce transportation solutions provider, P2P Mailing Limited, for Euro 92 million.
P2P’s capabilities complement FedEx’s portfolio to expand its offerings to the rapidly growing global e-commerce marketplace.
P2P offers a unique last-mile delivery options to its customers, by leveraging its relationships with private, postal, retail and clearance providers, across 200 countries. Its industry-leading transportation technology provider, which offers plug-and-play options, with carrier networks and customer systems.
P2P is headquartered in Laindon, United Kingdom, operates as a subsidiary of FedEx Cross Border, within the FedEx Trade Networks operating company.
“Global e-commerce continues to grow at a rapid pace, and merchants, marketplaces, e-commerce and social platforms are increasingly looking for innovative and cost-effective ways to get merchandise from distribution points, from one country to another,” said Carl Asmus, president and CEO, FedEx Cross Border.
“By adding P2P to the FedEx portfolio, we will be able to effectively serve more elements of the e-commerce market,” said Asmus.
“The acquisition is a step forward to achieve the global mission of the FedEx Trade Networks group, and provide specialised solutions to customers,” said Richard Smith, president and CEO, FedEx Trade Networks, Inc.
“We are pleased to welcome the P2P team members into the FedEx family of companies, and look forward to combining talents of both teams, which will contribute to our continued success,” said Smith.