UPS Completes Purchase of Polish Messenger Service Stolica S.A.
BRUSSELS, May 4, 2005 - UPS (NYSE:UPS) today announced it has completed the purchase of Messenger Service Stolica S.A., one of the leading parcel and express delivery companies in Poland. Terms of the deal were not disclosed.
"Stolica's network and capabilities will further strengthen UPS's ability to manage customers' business needs in a very dynamic and exciting European market," said Wolfgang Flick, president, UPS Europe. "Stolica's services soon will be sold under the UPS brand, and our combined service offering will even better position UPS to support companies of any size with shipment requirements into, within and from Poland," he added.
Warsaw-based Stolica, which has been operating in Poland since 1993 and in 2004 had revenues of $64 million, provides customers a full array of delivery services through a strong nationwide network backed by advanced technology and an experienced workforce. The acquisition enhances UPS's strong and reliable delivery network in Poland, solidifies the company's premium domestic service offering in the largest Central European economy and offers a much broader Polish customer base access to UPS's vast global delivery system and wide range of international services.
UPS is the world's largest package delivery company and a global leader in supply chain services, offering an extensive range of options for synchronizing the flow of goods, information and funds. UPS offers customers in Poland a comprehensive service portfolio backed by a fully integrated ground and air network, superior technology and shipping systems and an experienced workforce. In addition, the company provides businesses in Poland customized supply chain, logistics and distribution solutions as well as multi-modal freight services through its UPS Supply Chain Solutions business unit. Headquartered in Atlanta, USA, UPS serves more than 200 countries and territories worldwide. UPS's stock trades on the New York Stock Exchange (UPS) and the company can be found on the Web at www.ups.com.
# # #
Except for historical information contained herein, the statements made in this release constitute forward-looking statements within the meaning of Section 27A of the US Securities Act of 1933 and Section 21E of the US Securities Exchange Act of 1934. Such forward-looking statements, including statements regarding the intent, belief or current expectations of UPS and its management regarding the company's strategic directions, prospects and future results, involve certain risks and uncertainties. Certain factors may cause actual results to differ materially from those contained in the forward-looking statements, including economic and other conditions in the markets in which we operate, governmental regulations, our competitive environment, strikes, work stoppages and slowdowns, increases in aviation and motor fuel prices, cyclical and seasonal fluctuations in our operating results, and other risks discussed in the company's Form 10-K and other filings with the US Securities and Exchange Commission, which discussions are incorporated herein by reference.
Contacts:
Carsten Helssen
UPS Europe Public Relations
carsten.helssen@europe.ups.com
+32 2 7769832
Sabine Henssler, Edelman PR
sabine.henssler@edelman.com
+32 2 2276177
|
|
 |
UPS Perszaal | | | Hier leest u persberichten, annonceringen en andere informatie van UPS die te maken heeft met de media.
| |  |
|
Geschiedenis bekijken
