“This acquisition is a significant accomplishment and marks the beginning of a new era, filled with promise for our people, customers and shareowners,” said Frederick W Smith, chairman and CEO of FedEx. “We are proud to celebrate the joining of two iconic companies and the approximately 400,000 team members who are committed to serving customers around the world.”
FedEx said the acquisition brings an “expanded global offering that draws upon the breadth of expertise from both companies” and combines the strengths of the companies – “the world’s largest air express network and an unparalleled European road network”.
It added that in the near term, customers can expect to interact with each company as they always have.
“The timing of this historic event is important, particularly in the current market environment where global e-commerce is growing at double-digit rates,” Smith added. “Adding TNT’s capabilities to our existing world-class suite of services, including GENCO and the recently relaunched FedEx CrossBorder, will further expand the ability of FedEx to support business connections around the world.”
