UPS to Acquire Romanian Trans Courier Service SRL

Logistics Insight Asia - Industry News, 24/3/2008

UPS has agreed to acquire its authorized service contractor in Romania, Trans Courier Service (TCS) SRL and will take 100% ownership of the company.

The acquisition agreement marks a logical extension of a successful business relationship that dates to 1990, when UPS first offered its service to customers in Romania through Romtrans SA, TCS's parent company. TCS has been UPS's authorized service contractor in Romania since it was founded as a separate entity in 2000.

UPS expects to complete the transaction in the second quarter of 2008, subject to customary closing conditions. Terms of the deal were not disclosed.

UPS, www.ups.com