M&A Deal Summary

FedEx Acquires Gelco Express International

On January 1, 1984, FedEx acquired transportation company Gelco Express International

Acquisition Highlights
  • This is FedEx’s 1st transaction in the Transportation sector.
  • This is FedEx’s 1st transaction in the United States.
  • This is FedEx’s 1st transaction in Minnesota.

M&A Deal Summary

Date 1984-01-01
Target Gelco Express International
Sector Transportation
Buyer(s) FedEx
Deal Type Add-on Acquisition

Target

Gelco Express International

Minneapolis, Minnesota, United States
Gelco Express International a transportation and logistics 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 1 of 22
Sector: Transportation M&A 1 of 19
Type: Add-on Acquisition M&A Deals 1 of 20
State: Minnesota M&A 1 of 1
Country: United States M&A 1 of 10
Year: 1984 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1988-12-16 Tiger International

Los Angeles, California, United States

Tiger International, Inc. is an air freight company based in Los Angeles, California.

Buy $880M