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At the end of last year UPS (United Parcel Service Inc), an US-based package delivery company, has entered into an agreement to acquire Pieffe Group, an Italy-based pharma logistics company. The acquisition allows United Parcel Service to support its ongoing global healthcare strategy. The cosmetics as well as the fashion industry represent large markets in Italy with relevant logistics activity.
Pieffe Group is engaged in stocking and distribution of pharmaceutical and cosmetic products. United Parcel Service (UPS) is one of the largest package delivery companies, a leader in the US less-than-truckload industry, and a global leader in supply chain management operations.
How do you see buying and selling in the global forwarding market develop?
Which forwarding buyers do you feel will do further acquisitions in the future?