FedEx Express has acquired the international express business of Flying Cargo Group in Israel after a 30-year partnership.
“It was a privilege introducing FedEx Express to the Israeli market,” said Avi and Dany Reik, owners of Flying Cargo Group. “This step demonstrates the successful relationship. We are convinced that while the Flying Cargo Group will continue to develop our other logistics and distribution businesses, FedEx Express will even better meet the evolving needs of customers in Israel.”
The acquisition is due to close in the first half of calendar year 2019 and is subject to regulatory approval.