UPS To Acquire Ireland-Based Nightline Logistics Group
May 03 2017 - 7:00AM
Transaction
Highlights
- Immediately vaults UPS to a leading market position in
Ireland
- Complements UPS products, creating broadest portfolio in
country
- Creates additional cross-border and domestic growth
opportunities for B2B and B2C customers
UPS (NYSE:UPS) today announced the company has entered into a
definitive purchase agreement to acquire Nightline Logistics Group,
one of the leading express delivery and logistics companies in
Ireland. UPS continues to create new market growth opportunities,
and this acquisition will immediately position UPS as one of the
top local shippers in Ireland. By integrating Nightline with UPS,
customers will now have a wider array of both domestic and
cross-border services.
Nightline is a privately held company. Terms of the acquisition
were not disclosed and the deal is subject to customary closing
conditions, including regulatory approval.
“Operating for more than 40 years in Europe, and almost 30 years
in Ireland, UPS continues to build a powerful portfolio of services
for our customers throughout the region,” said Jim Barber,
President, UPS International. “Nightline will complement our
existing services, increasing delivery density, while also adding
innovative new service options. We also look forward to bringing
UPS’s extensive healthcare, high-tech and other specialized
logistics expertise to the many Irish companies that specialize in
these markets.”
Nightline is a leader in developing and deploying innovative
consumer-focused services, in addition to its business-to-business
services.
“Over the past 25 years, Nightline has grown to be one of
Ireland’s leading privately-owned parcel delivery, freight and
logistics companies,” said Nightline co-founder and CEO, John
Tuohy. “As we celebrate over two decades in business, this is the
right time in the company’s evolution to join the world’s largest
parcel delivery company – one with a reputation for taking care of
its people and a culture that aligns well with our own. Our
customers across Ireland, Northern Ireland and Great Britain will
benefit from an even wider reach, enjoying direct connectivity to
global export markets, and it will be an important milestone in the
company’s growth into the future.”
Nightline’s Parcel Motel service offers a 'virtual address' that
allows customers to manage their online shopping deliveries easily.
The service is similar to UPS Access Point™ Lockers and creates the
potential for network synergies.
“Ireland has long been a strong, global trade player,
exporting and importing heavily with some of the world’s largest
economies, including the UK, United States, Germany, China, and
France, among others,” said UPS Europe Region President, Nando
Cesarone. “With the addition of Nightline, we continue on our
growth path in Europe, and will now be able to better serve
customers who export into, and out of, Ireland. This is in addition
to UPS’s commitment announced in 2014 to invest U.S. $2 billion in
its European infrastructure by 2020.”
UPS currently provides both small package and supply chain
services to customers in Ireland, with a full suite of ground, air
and ocean freight solutions. The company also operates gateway
functions at both the Dublin and Shannon airports.
With the combination of both companies’ operations, UPS will
significantly enhance its presence in Ireland, adding more ground
sorting capacity and vehicles throughout the country.
Initially, the two brands will operate separately. Over time,
the businesses will be integrated and customers of both companies
will realize a benefit from the combination.
About UPS
UPS (NYSE: UPS) is a global leader in logistics, offering a
broad range of solutions including transporting packages and
freight; facilitating international trade, and deploying advanced
technology to more efficiently manage the world of business.
Headquartered in Atlanta, UPS serves more than 220 countries and
territories worldwide. The company can be found on the web
at ups.com® and its corporate blog can be found
at longitudes.ups.com. To get UPS news direct,
visit pressroom.ups.com/RSS or follow
@UPS_News.
Glenn Zaccara
+1-404-828-4663
Gzaccara@ups.com
Elizabeth Boswell Rega
+32 2 776 9103
eboswellrega@ups.com
Aoife Van Wolvelaere
Edelman Dublin
Aoife.vanwolvelaere@edelman.com
+353 1 678 9333
UPS UK Press Office
UPSUKPress@edelman.com
+44 203 047 2057
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