FedEx Express has completed the acquisition of Mexican domestic express operator ServiciosNacionales Mupa (MultiPack) to strengthen its network and product portfolio in the country.
The transaction will allow FedEx Express to provide a wider range of domestic and internationaltransportation and logistics solutions in Mexico. Additionally, it reinforces the company’scommitment to the Mexican market by facilitating access of local businesses to advanced technology,expanded services to meet their transportation and logistics needs, and an extensive retailpresence throughout the Mexican Republic.
FedEx said it started incorporating MultiPack’s existing operations and infrastructure into itsnetwork yesterday, with full integration to be achieved in phases. MultiPack’s existing operationsinclude its pick-up and delivery network, warehousing and logistics services, 48 distributioncenters, 13 warehouses and more than 500 retail outlets, all of which will be consolidated into theFedEx business. FedEx aims to achieve a seamless transition for employees and customers in Mexico.The FedEx workforce in Mexico now accounts for more than 5,000 employees across the country.
Nothing changes for customers and business continues as usual with no modification to points ofcontact or services, FedEx stressed. As integration progresses, customers in Mexico will havedirect access to a complete portfolio of domestic and international transportation and logisticssolutions under the trusted FedEx brand, allowing them to reach all the states of the MexicanRepublic and more than 220 countries and territories worldwide, ultimately improving Mexico’scompetitiveness in the global marketplace.
“The acquisition of MultiPack further solidifies our long-term presence in the market,” saidMichael L. Ducker, chief operating officer, FedEx Express. “FedEx is expanding its footprint inorder to better meet the demands of Mexican businesses, and responding to the growth potential ofthis dynamic economy. The integration of the companies will create a winning combination of globalreach and national expertise, backed by a commitment to service excellence,” he added.
J.P. Morgan Securities, LLC acted as financial advisor to FedEx.
