UPS Capital Purchases the Insured Parcel Services Business of G4S International Logistics
Deal Expands International Security and Protection for High-Value Parcel Shippers
ATLANTA, July 16, 2015 (GLOBE NEWSWIRE) -- UPS Capital®, a subsidiary of UPS®(NYSE:UPS), which provides supply chain financial, insurance and payment solutions, today announces that it is purchasing the Insured Parcel Services (IPS) business of G4S International Logistics (G4Si), the logistics arm of G4S, the world's leading global integrated security company. UPS Capital recently acquired Parcel ProTM, the leading logistics provider to the high-value jewelry, wristwatch and collectibles industries. With this acquisition, IPS customers will have access to enhanced service offerings through Parcel Pro's secure logistics solutions, including higher insured value limits, expanded international coverage and superior technology.
"G4Si IPS and Parcel Pro are both players in the secure transportation of luxury, high-value jewelry, which is an industry segment that UPS Capital and UPS are dedicated to serving," says Ronald Chang, president of UPS Capital. "This acquisition complements and strengthens our commitment to provide high-value parcel shippers with increased supply chain risk mitigation capabilities and enhanced services across the globe, including the United Kingdom, Germany, Thailand, the United Arab Emirates and Hong Kong."
Customers of the Insured Parcel Services unit of G4Si that is being acquired by UPS Capital will continue to receive the excellent service and protection they have come to expect. They will benefit from everything UPS Capital and Parcel Pro bring to the table, including significantly enhanced technology capabilities, such as mobile apps, API (application program integration) and risk management web tools. They also will receive coverage up to $150,000 per package in the United States and up to $100,000 in other select countries.
For more information about the acquisition of G4Si and shipping high-value parcels, visit www.upscapital.com and follow UPS Capital on Linkedin (https://www.linkedin.com/company/ups-capital) and Twitter (@UPSCapital).
About UPS Capital
Nobody understands transportation and logistics like UPS. And while you've probably never thought of a UPS company for financing and insurance services, the global supply chain expertise of UPS Capital uniquely positions us to help protect companies from risk and leverage cash in their supply chains. Insurance companies and banks can't say that.UPS Capital and its affiliates have offices throughout the United States, as well as operations in Asia, Europe and Latin America. For more information, visit www.upscapital.com, call 1-877-242-7930, or follow UPS Capital on Linkedin (https://www.linkedin.com/company/ups-capital) and Twitter (@UPSCapital).
UPS (NYSE: UPS) is a global leader in logistics, offering a broad range of solutions including the transportation of packages and freight; the facilitation of international trade, and the deployment of 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.
About G4S International Logistics (G4Si)
G4Si is the logistics arm of G4S, the world's leading global integrated security company specializing in the provision of security products, services and solutions. Each year, G4S International Logistics (G4Si) exports cargoes worth in excess of one hundred billion dollars. With a network in over 110 countries, G4Si provides secure international transport and insurance for very high value cargoes, typically worth between one hundred thousand and one billion US dollars per transaction Banks, financial institutions, governments, mines, gold refiners, and fine art houses worldwide rely on G4Si to protect their commercial and reputational risk while optimizing their business operations.
Copyright 2015 United Parcel Service of America, Inc. UPS, UPS Capital, and the UPS Shield are trademarks or registered trademarks of United Parcel Service of America, Inc. All rights reserved. Insurance is underwritten by an authorized insurance company and issued through licensed insurance producers with affiliated insurance agencies. Insurance coverage is not available in all jurisdictions. Parcel Pro and its licensed affiliates are wholly owned subsidiaries of UPS Capital Corporation.
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Released July 16, 2015