UPS Capital Deal Expands Global Security for High-Value Parcel Shippers
Supply chain financial services provider UPS Capital has acquired the Insured Parcel Services (IPS) business of G4S International Logistics (G4Si), the logistics arm of G4S, the globally-integrated security company.
The acquisition,“complements and strengthens our commitment to provide high-value parcel shippers with increased supply chain risk mitigation capabilities and enhanced security services across the globe, including the United Kingdom, Germany, Thailand, the United Arab Emirates and Hong Kong,” the company said.
In June, UPS Capital absorbed Parcel Pro, the leading independent logistics provider to the jewelry, wristwatch and collectibles industries with the G4Si accession now “giving IPS customers access to enhanced service offerings through Parcel Pro’s secure logistics solutions, including higher insured value limits, expanded international coverage and superior technology.”
G4Si IPS and Parcel Pro “are both players in the secure transportation of luxury, high-value jewelry, which is an industry segment that UPS Capital and UPS are dedicated to serving,” said UPS Capital President Ronald Chang.
UPS Capital customers, he added, “will benefit from everything UPS Capital and Parcel Pro bring to the table, including significantly enhanced technology capabilities, such as mobile apps, application program integration and risk management web tools.”
In addition, “They also will receive coverage up to $150,000 per package in the United States and up to $100,000 in other select countries.”
UPS Capital, a subsidiary of Atlanta, Georgia-headquartered UPS, and its affiliates have offices in offices in the U.S., as well as 21 countries in Asia, Europe and Latin America.
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