FedEx acquires Brazilian Rapidão Cometa

FedEx Corp. has announced that it has signed an agreement to acquire the Brazilian transportation and logistics company, Rapidão Cometa Logística e Transportes S.A., which has been one of FedEx’s authorised representatives in Brazil for the past 11 years, the latest step in FedEx’s strategy for profitable growth in Latin America.


FedEx acquires Brazilian Rapidão Cometa


FedEx Corp. has announced that it has signed an agreement to acquire the Brazilian transportation and logistics company, Rapidão Cometa Logística e Transportes S.A., which has been one of FedEx’s authorised representatives in Brazil for the past 11 years, the latest step in FedEx’s strategy for profitable growth in Latin America. FedEx said the acquisition will further enhance FedEx Express international and Brazil business offerings and continues a longterm commitment to the growing Latin American region. This acquisition will afford FedEx Express’s customers access to Rapidão Cometa’s nationwide domestic transportation and logistics network. FedEx expects that the transaction, which is subject to customary closing conditions, will close in the third quarter of 2012.