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FedEx Corp to Acquire Rapidao Cometa Logistica e Transportes SA
FedEx Corp announced that it has signed an agreement to acquire the Brazilian transportation and logistics company, Rapidão Cometa Logística e Transportes SA. FedEx expects that the transaction will close in the third quarter of 2012. The acquisition includes 45 operational branches and approximately 145 distribution points; Approximately 770 vehicles and trailers; Logistics and distribution, which consists of a wide range of products and services; A ground distribution network that provides day-definite transportation for small packages and heavyweight shipments; and Approximately 9,000 employees across Brazil. Financial terms of the transaction were not disclosed.
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