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Press Release
BRUSSELS and LJUBLJANA, June 1, 2009 – UPS (NYSE:UPS) announced that its affiliate in Slovenia, UPS ADRIA (S) Ekspres, d.o.o., today acquired a part of the undertaking of Intereuropa, Globalni Logisticni Servis, delniska druzba, namely its UPS Branch that has been acting as its agent for international express package delivery under the UPS brand in Slovenia since 1991. This new UPS company will be providing these services in Slovenia instead of Intereuropa from to-day on.
Terms of the deal were not disclosed.
"UPS and Intereuropa have had a successful relationship in Slovenia for almost two decades, but UPS needs a greater presence in this dynamic market,” said Wolfgang Flick, president, UPS Europe. “With this acquisition and the establishment of wholly-owned operations in Slovenia, UPS will have the flexibility it needs to invest in its global brand, transportation network, technology and workforce to better serve its growing customer base in this country."
Slovenia has the highest per capita GDP in Central Europe of the countries that joined the EU in and after 2004 and is considered a model of economic success and stability for the region.
UPS is the world’s largest package delivery company and a global leader in supply chain and freight services, offering an extensive range of options for synchronising the movement of goods, information and funds. 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. To get UPS news direct, visit www.pressroom.ups.com.
Contact: Carsten Helssen, PR manager, UPS Europe, +32 2 776 98 32, carsten.helssen@europe.ups.com
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