UPS has signed an agreement to acquire Mexican express delivery company Estafeta, following a commercial agreement between the two companies in 2020. Estafeta is a 45-year old privately owned provider of integrated logistics solutions with an extensive domestic network. The combined companies will offer small package, healthcare logistics and end-to-end supply chain solutions.
The acquisition is targeted to close by the end of this year, subject to customary closing conditions and regulatory approvals. The value and terms of the transaction are not being disclosed at this time.