UPS Capital’s acquisition of the logistics arm of global integrated security company G4S is its second recent purchase in the high-value cargo logistics sector.
UPS Capital, the subsidiary of UPS that provides supply chain financial, insurance and payment solutions, will acquire the Insured Parcel Services (IPS) business of G4S International Logistics (G4Si), UPS said.
G4Si is the logistics arm of G4S, a global integrated security company. G4Si has a network in over 110 countries.
The acquistion comes after UPS Capital acquired Parcel Pro, a logistics provider to the high-value jewelry, wristwatch and collectibles industry, in June.
Customers of G4Si’s IPS unit will now have access to the benefits of both Parcel Pro and UPS Capital, including expanded international coverage; enhanced technology capabilities, such as mobile applications, application program integration and risk management web tools; insurance coverage of up to $150,000 per package within the United States; and up to $100,000 per package in other select countries.
“This acquisition complements and strengthens our commitment to provide high-value parcel shippers with increased supply chain risk mitigation capabilities and enhanced services across the globe, including the United Kingdom, Germany, Thailand, the United Arab Emirates and Hong Kong,” UPS Capital President Ronald Chang said in a statement.
UPS subsidiary acquires G4Si’s Insured Parcel Services business
