The FedEx track record of successful acquisition integrations in the U.S. Now that FedEx has acquired TNT Express, the integration process will begin immediately. “The TNT team members bring 70 years of diverse experience, which combined with that of FedEx team members, will make this integration a success.” Graf, Jr., FedEx Executive Vice President and Chief Financial Officer. “We believe that this strategic acquisition will add significant value for FedEx shareowners, team members and customers around the globe, particularly in Europe where we will establish a strong new competitor,” said Alan B. domestic parcel business through the acquisition and development of what is now FedEx Ground, the acquisition of TNT will change the way customers view FedEx around the world,” Smith continued. “Over our 43 year history, FedEx has repeatedly reinvented and revolutionized the industry, from the first overnight express service backed by a money-back guarantee to the invention of internet shipping. “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.” “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. “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.” “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. The €4.4 billion acquisition combines the strengths of the companies – the world’s largest air express network and an unparalleled European road network, which will expand the existing FedEx portfolio and reshape the global transportation and logistics industry. ( TNT Express) jointly announce that FedEx has acquired TNT Express. Memphis, Tennessee Hoofddorp, the Netherlands – – FedEx Corporation ( FedEx) (NYSE:FDX), FedEx Acquisition B.V. Remaining Shares can still be tendered in the Post-Closing Acceptance Period.FedEx has settled the TNT Express Shares tendered in the Acceptance Period.Combination Builds Upon Competitive Positioning in Global Transportation and Logistics Industry
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