M&A Deal Summary

FedEx Acquires AFL Pvt.

On November 3, 2010, FedEx acquired transportation company AFL Pvt.

Acquisition Highlights
  • This is FedEx’s 10th transaction in the Transportation sector.
  • This is FedEx’s 2nd transaction in India.

M&A Deal Summary

Date 2010-11-03
Target AFL Pvt.
Sector Transportation
Buyer(s) FedEx
Deal Type Add-on Acquisition
Advisor(s) Evercore Group (Financial)

Target

AFL Pvt.

India
AFL is a delivery network that covers more than 1,400 destinations in India. It operates 50 warehouses with about 1 million square feet in storage space.

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Buyer(S) 1

Buyer

FedEx

Memphis, Tennessee, United States

Category Company
Founded 1971
Sector Transportation
Employees306,000
Revenue 87.7B USD (2024)
DESCRIPTION
FeDex's corporate headquarters in Memphis, Tennessee.
FeDex's corporate headquarters in Memphis, Tennessee.

FedEx is a global transportation and logistics company. FedEx provides a broad portfolio of transportation, e-commerce and business services through four segments. FedEx was founded in 1971 and is based in Memphis, Tennessee.


DEAL STATS #
Overall 11 of 22
Sector: Transportation M&A 10 of 19
Type: Add-on Acquisition M&A Deals 11 of 20
Country: India M&A 2 of 2
Year: 2010 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-04-06 Flying-Cargo Hungary Kft.

Vecsés, Hungary

Flying-Cargo is a Hungarian transportation services and delivery company.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-16 MultiPack

Mexico City, Mexico

MultiPack provides package delivery, transportation and warehousing services throughout all 31 Mexican states and the Distrito Federal. The company has 48 distribution centers, 13 warehouses, and more than 500 retail locations in Mexico.

Buy -