FedEx acquires P2P Mailing Limited, move increases global E-commerce portfolio

Taking steps to expand its global e-commerce presence, FedEx said this week it has acquired Laindon, United Kingdom-basedP2P Mailing Limited, a global e-commerce transportation solutions provider for $130 million USD ($92 million pounds). FedEx said P2P will be a subsidiary of FedEx Cross Border, which is part of the FedEx Trade Networks operating company.

According to a FedEx statement, P2P’s main service offering is comprised of last-mile delivery options that leverage its relationships with private, postal, retail and clearance providers in more than 200 countries, as well as its technology and processes providing plug-and-play options with carrier networks and customer systems.

“The acquisition of P2P marks a significant expansion of the FedExe-commerceportfolio,” a FedEx spokeswoman told LM. “P2P’s capabilities complement our offerings in the rapidly expanding e-commerce space, and we are excited to work together with them to provide innovative solutions for customers around the world.”

Bringing P2P into the fold will augment FedEx’s ability to continue to offer, a range of last-mile delivery solutions for its customers, the spokeswoman added, also noting that the acquisition of P2P marks a significant expansion of the FedEx e-commerce portfolio.

“Global e-commerce continues to grow at a rapid pace, and more and more merchants, marketplaces, e-commerce and social platforms are looking for innovative, cost-effective ways to get merchandise from distribution points in one country to customers in another,” said Carl W. Asmus, president and CEO, FedEx Cross Border, in a statement. “By adding P2P to the FedEx portfolio, we will be able to effectively serve even more elements of the e-commerce market