FedEx, the American global courier delivery services company, says it has completed the first stage of a strategic acquisition by signing agreements to acquire the businesses operated by its current South African service provider, Supaswift (Pty) Ltd., in five countries in Southern Africa, including South Africa, Malawi, Mozambique, Swaziland and Zambia, and is also in discussions to acquire Supaswift’s businesses in Botswana and Namibia. These acquisitions will operate under the FedEx Express business unit and the transaction is subject to necessary regulatory approvals and customary closing conditions.
Showing posts with label SupaSwift. Show all posts
Showing posts with label SupaSwift. Show all posts
Monday, June 24, 2013
■ SOUTH AFRICA: FedEx buys out SupaSwift South Africa, Malawi, Mozambique, Swaziland and Zambia.
FedEx, the American global courier delivery services company, says it has completed the first stage of a strategic acquisition by signing agreements to acquire the businesses operated by its current South African service provider, Supaswift (Pty) Ltd., in five countries in Southern Africa, including South Africa, Malawi, Mozambique, Swaziland and Zambia, and is also in discussions to acquire Supaswift’s businesses in Botswana and Namibia. These acquisitions will operate under the FedEx Express business unit and the transaction is subject to necessary regulatory approvals and customary closing conditions.
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