M&A Deal Summary

FedEx Acquires Prakash Air Freight Pvt.

On January 31, 2007, FedEx acquired transportation company Prakash Air Freight Pvt. for 33M USD

Acquisition Highlights
  • This is FedEx’s 8th transaction in the Transportation sector.
  • This is FedEx’s 11th largest (disclosed) transaction.
  • This is FedEx’s 1st transaction in India.

M&A Deal Summary

Date 2007-01-31
Target Prakash Air Freight Pvt.
Sector Transportation
Buyer(s) FedEx
Deal Type Add-on Acquisition
Deal Value 33M USD

Target

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.

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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 9 of 22
Sector: Transportation M&A 8 of 19
Type: Add-on Acquisition M&A Deals 9 of 20
Country: India M&A 1 of 2
Year: 2007 M&A 1 of 2
Size (of disclosed) 11 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-12-18 ANC Holdings Limited

United Kingdom

ANC is a UK-based transportation company. It offers a range of distribution and logistics services with an established pick-up and delivery network across the UK.

Buy £120M
FOLLOWING 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 -