UPS has acquired US-based international e-commerce enabler and logistics company i-parcel, LLC. UPS said that the acquisition complements its international cross-border logistics capabilities from the US and UK to over 100 countries.
“UPS continues to look ahead to the expanding worldwide demands in the ever-growing global e-commerce market,” said Alan Gershenhorn, UPS executive vice president and chief commercial officer. “According to a Pay-Pal study, cross-border e-commerce will reach US$105 billion this year and by 2018 will exceed US$300 billion with 130 million cross-border online shoppers. UPS continues to invest in capabilities that enable its e-commerce merchants to meet the growing global demand.”
“i-parcel has been an international bridge linking US and UK merchants to global e-commerce consumers throughout the world and our team is excited to join with UPS to further globalise e-commerce,” said Will Gensburg, i-parcel’s CEO, who will remain with the company.