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Deal expands international security and protection for high-value parcel shippers
UPS Capital, a subsidiary of UPS which provides supply chain financial, insurance and payment solutions, is acquiring the Insured Parcel Services (IPS) business of G4S International Logistics (G4Si), the logistics arm of G4S, the world’s leading global integrated security company.
UPS Capital recently acquired Parcel Pro, the leading logistics provider to the high-value jewellery, wristwatch and collectibles industries. With this acquisition, IPS customers will have access to enhanced service offerings through Parcel Pro’s secure logistics solutions, including higher insured value limits, expanded international coverage and superior technology.