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  5. FedEx Acquires Flying-Cargo Hungary Kft.

M&A Deal Summary

FedEx Acquires Flying-Cargo Hungary Kft.

On April 6, 2007, FedEx acquired transportation company Flying-Cargo Hungary Kft.

Acquisition Highlights
  • This is FedEx’s 9th transaction in the Transportation sector.
  • This is FedEx’s 1st transaction in Hungary.

M&A Deal Summary
Date 2007-04-06
Target Flying-Cargo Hungary Kft.
Sector Transportation
Buyer(s) FedEx
Deal Type Add-on Acquisition

Target

Flying-Cargo Hungary Kft.

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

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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 10 of 22
Sector: Transportation M&A 9 of 19
Type: Add-on Acquisition M&A Deals 10 of 20
Country: Hungary M&A 1 of 1
Year: 2007 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-01-31 Prakash Air Freight Pvt.

Mumbai, India

Pafex is a large domestic express company in India with more than 384 offices and depots serving around 4,400 destinations.

Buy $33M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-11-03 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.

Buy -
Mergr

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