Wednesday 26th Oct 2016 - Logistics Manager

FedEx acquires Polish courier

FedEx has signed an agreement to buy Polish courier company Opek as part of its European expansion plan.

The acquisition will give its FedEx Express business unit access to a nationwide domestic ground network with an estimated 70 million dollars in annual revenue and 12.5 million shipments annually.

Opek operates an automated hub in Lomianki, near Warsaw, and additional hubs in Lodz and Katowice. Its national network operates from 44 stations throughout the country.

The purchase is expected to be finalized in the summer.

FedEx chief Fred Smith said: “In recent years, we have made significant investments throughout Europe, greatly expanding our network coverage and improving service to customers… We are well positioned for profitable growth as we increase the number of direct-served locations in Europe.”

During 2012 FedEx Express has opened 26 new stations across France, Germany, Italy, the Netherlands, Northern-Ireland and Sweden. FedEx Trade Networks has also expanded in Europe, adding 22 locations in recent years.