Add-on Acquisition • Business Services

FedEx Acquires Cargex S.A.

On August 29, 2019, FedEx acquired business services company Cargex S.A.

Acquisition Context
  • This is FedEx’s 2nd transaction in the Business Services sector.
  • This is FedEx’s 1st transaction in Colombia.

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M&A Deal Summary

Date August 29, 2019
Target Cargex S.A.
Sector Business Services
Buyer(s) FedEx
Deal Type Add-on Acquisition

Target Company

Cargex S.A.

Bogota, Colombia
Cargex S.A. is specializing in customs brokerage services. Cargex has operations in Bogotá, Medellin, Cartagena, Buenaventura, and Santa Marta.
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Buyer Overview 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 Context for Buyer #
Overall 21 of 22
Sector: Business Services 2 of 2
Type: Add-on Acquisition 20 of 20
Country: Colombia 1 of 1
Year: 2019 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-18 Manton Air-Sea Pty

Botany, Australia

Manton Air-Sea Pty Ltd. is a provider of logistics services, including freight forwarding and customs brokerage solutions. Manton Air-Sea is based in Botany, Australia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-02 ShopRunner

King of Prussia, Pennsylvania, United States

ShopRunner, Inc. is a provider of e-commerce platform for various consumer products. ShopRunner was founded in 2009 and is based in King of Prussia, Pennsylvania.

Buy -