FedEx unveils strategic acquisition deal in Southern Africa
It gives me great pleasure to announce that FedEx is adding another milestone to its achievements, by expanding its commercial footprint in Southern Africa.
FedEx has completed the first stage of an acquisition by signing agreements to acquire the businesses of South African Supaswift (Pty) Ltd. – our current service provider - and its subsidiaries in Malawi, Mozambique, South Africa, Swaziland and Zambia , and is in discussions to acquire its businesses in Botswana and Namibia. This transaction is subject to necessary regulatory approvals and closing conditions in various jurisdictions.
This acquisition, once closed, will put FedEx in a better position to meet your growing needs. The strength and access of FedEx Express’ global network will also complement the growing trade with and within the Southern African region.
The acquisition process starts with the signing of the agreement.
I want to take this opportunity to thank you for the business you entrust to us. We look forward to the exciting times ahead.
David J. Ross
Senior Vice President Operations
FedEx Express Middle East, Indian Subcontinent and Africa