FedEx acquires P2P Mailing for £92 million

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FedEx has acquired worldwide e-commerce transportation company P2P Mailing for £92 million, operating as a subsidiary of FedEx Cross Border.

The Basildon, Essex based company was founded in 2009 and provides customers with last mile delivery options, saying it leverages relationships with private, postal, retail and clearance providers in over 200 countries, and its technology and processes provide plug-and-play options with carrier networks and customer systems.

It will operate as a FedEx Cross Border subsidiary within the FedEx Trade Networks operating company.

FedEx Cross Border president and chief executive officer (CEO), Carl W. Asmus says: “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.”

FedEx Trade Networks president and CEO, Richard W. Smith says: “This acquisition is a further step in achieving the global mission of the FedEx Trade Networks group to provide specialized solutions to customers.

“We are pleased to welcome the P2P team members into the FedEx family of companies and look forward to combining the talents of both teams to contribute to our continued success.”