The Atlanta-based parcel giant has acquired Sandler & Travis Trade Advisory Services, the world’s largest dedicated global trade compliance management firm.
The integrated global logistics provider and parcel delivery company UPS has acquired Sandler & Travis Trade Advisory Services (STTAS), the world’s largest dedicated global trade compliance management firm last Thursday, the companies announced Monday.
Financial terms of the deal were not disclosed.
STTAS is one of the most well-regarded and respected names in the world of trade compliance. The firm helps clients comply with the rules, regulations and laws covering international trade, with a footprint spanning North America, South America, Europe, the Middle East and Asia. STTAS also provides an advanced trade management technology platform that UPS will continue to build upon over time, UPS said.
STTAS will continue to offer its same services, from the same offices with use of the same personnel, Sandler, Travis & Rosenberg, P.A. said
UPS acquired Zone Solutions earlier this year, which specializes in foreign trade zone services.
These two acquisitions “enhance existing UPS solutions and add industry-leading trade management services to UPS’s global portfolio, forming a foundation the company will continue to build upon,” UPS said in a statement. “Some of these solutions include: duty drawback; regulatory compliance; rules of origin determination; harmonized tariff schedule (HS) classification; export control classification; order management and free trade agreement qualification and verification, and more.”
The acquisition significantly bolsters UPS’s position as it relates to virtually any complex cross-border trade considerations, as it enables the company to offer logistics, customs brokerage, global trade management system and consultative services, leveraging STTAS’s position as a leader in the industry.
UPS snatches up Sandler & Travis Trade Advisory Services
