Another major acquisition is in the pipeline if the acquisition arrangement between FedEx Corp the logistic giant to buy Dutch package delivery firm TNT Express for an agreed 4.4 billion Euros ($4.8 billion) becomes successful.
In 2013, European regulators blocked a takeover of TNT by UPS due to concerns it would stifle competition, but analysts and executives said on Tuesday FedEx, with its strong air fleet, would complement TNT’s sizeable European road network.
“Europe, despite the fact that there has been low growth, is still an enormous market both for import and export,” FedEx Corp. Chief Executive Fred Smith told analysts.
TNT gives FedEx access to pan-European service and the domestic UK and French markets, areas where it is not yet a big player, Smith said, while TNT customers will get access to FedEx’s global distribution platform.
http://perfectbrandsng.com/fedex-poised-to-take-over-tnt/
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