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UPS Capital to buy G4S insured parcel services unit
UPS Capital, a unit of UPSR, that provides supply chain financial, insurance and payment solutions, has unveiled plans to acquire the Insured Parcel Services (IPS) business of G4S International Logistics (G4Si), the logistics arm of G4S, a top global integrated security company.
G4S plc (formerly Group 4 Securicor) is a British multinational security services company based near London.
UPS Capital Cargo offers short-term loans for in-transit inventory and global asset-based lending, a secured revolving credit facility which finances internationally warehoused goods as well as in-transit inventory.
The news comes hot on the heels of the company acquiring Parcel ProTM, a logistics provider to the high-value jewellery, wristwatch and collectibles industries.
"G4Si IPS and Parcel Pro are both players in the secure transportation of luxury, high-value jewellery, which is an industry segment that UPS Capital and UPS are dedicated to serving," said UPS Capital president Ronald Chang.
"This acquisition complements and strengthens our commitment to provide high-value parcel shippers with increased supply chain risk mitigation capabilities and enhanced services across the globe, including the United Kingdom, Germany, Thailand, the United Arab Emirates and Hong Kong."
Customers of the Insured Parcel Services unit of G4S following the buy up will benefit from everything both companies bring to the table, including significantly enhanced technology capabilities, such as mobile apps, application programme integration (API) and risk management web tools.
G4S plc (formerly Group 4 Securicor) is a British multinational security services company based near London.
UPS Capital Cargo offers short-term loans for in-transit inventory and global asset-based lending, a secured revolving credit facility which finances internationally warehoused goods as well as in-transit inventory.
The news comes hot on the heels of the company acquiring Parcel ProTM, a logistics provider to the high-value jewellery, wristwatch and collectibles industries.
"G4Si IPS and Parcel Pro are both players in the secure transportation of luxury, high-value jewellery, which is an industry segment that UPS Capital and UPS are dedicated to serving," said UPS Capital president Ronald Chang.
"This acquisition complements and strengthens our commitment to provide high-value parcel shippers with increased supply chain risk mitigation capabilities and enhanced services across the globe, including the United Kingdom, Germany, Thailand, the United Arab Emirates and Hong Kong."
Customers of the Insured Parcel Services unit of G4S following the buy up will benefit from everything both companies bring to the table, including significantly enhanced technology capabilities, such as mobile apps, application programme integration (API) and risk management web tools.
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