Thursday, October 9, 2014
UPS buys i-parcel
United Parcel Service of America has acquired i-parcel, a company that helps U.S. and U.K. e-retailers send products to overseas customers. The purchase price was not disclosed amount.
"The acquisition complements UPS's international cross-border logistics capabilities from the U.S. and U.K., to over 100 countries," said UPS. "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."
Will Gensburg, i-parcel's CEO, will remain with the company.
Founded in 2005, i-parcel serves three merchants in the Internet Retailer Top 500 Guide. UPS provides shipping for 176 Top 500 retailers and 232 Second 500 retailers, according to data at Top500Guide.com. By comparison, rival FedEx Corp. serves 144 merchants in the Top 500 and 172 in the Second 500.
For more of the Internet Retailer story: www.internetretailer.com
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