UPS acquires international cross-border e-commerce enabler, i-parcel
Atlanta, October 13, 2014 (STAT):-UPS® announced it has acquired U.S.-based international e-commerce enabler and logistics company i-parcel, LLC. The acquisition complements UPS's international cross-border logistics capabilities from the U.S. and U.K., to over 100 countries. As e-commerce merchants in the U.S., U.K. and other countries grow, UPS continues to strengthen its logistics and technology capabilities to meet the demands of its global customer base.
"UPS continues to look ahead to the expanding worldwide demands in the ever-growing global e-commerce market," said Alan Gershenhorn, UPS executive vice president and chief commercial officer. "According to a Pay-Pal study*, cross-border e-commerce will reach $105 billion this year and by 2018 will exceed $300 billion with 130 million cross-border online shoppers. UPS continues to invest in capabilities that enable its e-commerce merchants to meet the growing global demand."
"i-parcel has been an international bridge linking U.S. and U.K. merchants to global e-commerce consumers throughout the world and our team is excited to join with UPS to further globalize e-commerce," said Will Gensburg, i-parcel's CEO, who will remain with the company.