UPS Pursuing $600 Million Acquisition of Smartways Logistics
United Parcel Service (UPS) is reportedly in talks to acquire Smartways Logistics from private equity firm The Riverside Company. The deal, valued at approximately $600 million, marks a strategic move for the delivery giant as it seeks to expand its logistics capabilities. According to reports from The Australian Financial Review, UPS was expected to enter exclusive negotiations with Riverside this week. If finalized, the acquisition would integrate Smartways Logistics' assets into UPS's global supply chain network.
Tickers: $UPS
Topics: acquisition logistics private equity