UPS Capital, a subsidiary of UPS which provides supply chain financial, insurance and payment solutions, announced that it is purchasing the Insured Parcel Services (IPS) business of G4S International Logistics (G4Si), the logistics arm of the global integrated security company G4S. This deal follows UPS Capital’s recent acquisition of Parcel ProTM, a logistics provider to the high-value jewellery, wristwatch and collectibles industries.
Following IPS’s acquisition UPS states that its customers will have access to enhanced service offerings through Parcel Pro’s secure logistics solutions, including higher insured value limits, expanded international coverage and superior technology.
“G4Si IPS and Parcel Pro are both players in the secure transportation of luxury, high-value jewellery, which is an industry segment that UPS Capital and UPS are dedicated to serving,” said Ronald Chang, President of UPS Capital. “This acquisition complements and strengthens our commitment to provide high-value parcel shippers with increased supply chain risk mitigation capabilities and enhanced services across the globe, including the United Kingdom, Germany, Thailand, the United Arab Emirates and Hong Kong.”
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