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Slide #2. FedEx Corp. — Supaswift Businesses in Southern Africa
Acquirer:
FedEx Corp. (NYSE:FDX)
Acquiree:
Supaswift Businesses in Southern Africa
Details:
FedEx Corp. (NYSE:FDX) announced today that its FedEx Express subsidiary has completed the acquisition of Supaswift businesses in South Africa and six other countries, which are Botswana, Malawi, Mozambique, Namibia, Swaziland and Zambia. The acquisition process began in June 2013.
FedEx is a holding company. Through its subsidiaries, Co. provides a portfolio of transportation, e-commerce, and business services through operating companies operating digitally as one FedEx. Co.'s Federal Express Corporation subsidiary is an express transportation company, providing delivery to various countries and territories. Co.'s FedEx Ground Package System, Inc. subsidiary (FedEx Ground) is a North American provider of small-package ground delivery services. FedEx Ground provides day-certain service to any business address in the U.S. and Canada, as well as residential delivery to U.S. residences through its FedEx Home Delivery service.
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