FedEx has taken another step in its expansion plan with the £205m takeover of DTW’s domestic express network in China plus DTW’s half share in FedEx-DTW International.
Michael Ducker, president of FedEx Express International, said: “FedEx is already the industry leader in China. This acquisition will allow us to solidify that position and ensure our global customers continued access to China.”
This is just the latest in a series of moves by FedEx. In January, it took over its Indian service provider, Prakash Air Freight (PAFEX) – one of the largest domestic express companies in India, with more than 384 offices and depots serving nearly 4,400 destinations.
And in December it took over ANC in the UK in a deal worth £120m enabling it to serve the entire UK domestic market directly. ANC has annual sales of more than £145 million and operates with a network of about 4,500 people and a fleet of 2,200 vehicles from 80 locations.
FedEx’s European chief Robert Elliot said: “As the UK market continues to evolve and expand, customers increasingly seek a single provider of solutions for their domestic and international shipping to more efficiently manage their global supply chains.”
ANC’s management is remaining in place, reporting directly to Elliott.
ANC chief executive Mark Gittins said: “Our two companies share similar values in providing an excellent customer experience, investing in our people and our commitment to being good corporate citizens.”