UPS Buys Lynx Express for $96.5 Million

Share this content:
United Parcel Service said yesterday that it will acquire Lynx Express Ltd. for $96.5 million in cash so it can further strengthen its package delivery capabilities in the United Kingdom.


Lynx Express, one of the UK's largest independent parcel carriers, is majority owned by the private equity firm Bridgepoint Capital (Nominees) Ltd. UPS expects to complete the transaction in the second half of this year, subject to customary closing conditions.


In addition to its parcel delivery service, the Nuneaton-based Lynx Express offers a suite of logistics and spare parts logistics services. Company sales for its 2004 fiscal were $295 million.


UPS, Atlanta, has offered service to and from the United Kingdom since the mid-1980s. In its earnings statement last week, the company attributed its second-quarter growth to its international expansion as global trade and e-commerce increase overseas. In Q2, it saw an 8 percent gain in export volume growth from the UK compared to last year.


close

Next Article in Direct Mail

Sign up to our newsletters

Company of the Week

Since 1985, Melissa has helped thousands of companies clean, correct and complete contact data to better target and communicate with their customers. We offer a full spectrum of data quality solutions, including global address, phone, email, and name validation, identify verification - available for batch or real-time processes, in the Cloud or on-premise. Our service bureau provides dedupe, email/phone append and geographic/demographic append services for better targeting and insight. For direct mailers, Melissa offers easy-to-use address management/postal software, list hygiene services and 100s of specialty mailing lists - all with competitive pricing and excellent customer service.

Find out more here »

Career Center

Check out hundreds of exciting professional opportunities available on DMN's Career Center.  
Explore careers in digital marketing, sales, eCommerce, marketing communications, IT, data strategies, and much more. And don't forget to update your resume so employers can contact you privately about job opportunities.

>>Click Here