FedEx has acquired P2P Mailing Limited, a provider of worldwide e-commerce transportation solutions, for £92 million.
P2P provides customers with last-mile delivery options, leveraging its relationships with private, postal, retail and clearance providers in over 200 countries. Its technology and processes provide plug-and-play options with carrier networks and customer systems.
P2P is headquartered in Essex, United Kingdom and will operate as a subsidiary of FedEx Cross Border within the FedEx Trade Networks operating company.
Carl W. Asmus, president and CEO, FedEx Cross Border, said, “Global e-commerce continues to grow at a rapid pace, and more and more merchants, marketplaces, e-commerce and social platforms are looking for innovative, cost-effective ways to get merchandise from distribution points in one country to customers in another. By adding P2P to the FedEx portfolio, we will be able to effectively serve even more elements of the e-commerce market.”
Source: FedEx/P2P
