FedEx to Acquire TNT Express for $4.8 Billion

April 7, 2015 11:37 AM

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FedEx to Acquire TNT Express for $4.8 Billion

FedEx will acquire Dutch delivery giant TNT Express for $4.8 billion in an all-cash deal that will vastly expand the American company’s operations across Europe, the company revealed on Tuesday.

“This transaction allows us to quickly broaden our portfolio of international transportation solutions to take advantage of market trends – especially the continuing growth of global e-commerce – and positions FedEx for greater long-term profitable growth,” CEO of FedEx Corp. Frederick Smith said in...

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