FedEx has had a big week, from its announced acquisition of reverse-logistics firm GENCO to an increase of profits and revenues in 2014. The latest good news to come from its Memphis headquarters is the purchase of Bongo International, an international delivery solutions firm that will help the company boost its capabilities shipping parcels around the world.

1. FedEx keeps rolling with acquisitions, snaps up Bongo International
FedEx has had a big week, from its announced acquisition of reverse-logistics firm GENCO to an
increase of profits and revenues in 2014. The latest good news to come from its Memphis
headquarters is the purchase of Bongo International, an international delivery solutions firm that
will help the company boost its capabilities shipping parcels around the world.
Bongo is a company that sports more than 250,000 clients and 2,000 retail partners, according to a
FedEx press release. While international delivery was one of the major market segments where
FedEx boosted profits this year, the company clearly isn’t finished building out its services. Bongo
offers assistance with customs, compliance, money conversion, fraud protection and tax/fee
estimations for packages shipped between countries.
Headquartered in St. Petersburg, Florida, Bongo will operate as a subsidiary of FedEx’s growing
international shipping section.
“Bongo International’s end-to-end cross border enablement capabilities will greatly enhance the
FedEx portfolio of global e-commerce solutions and provide customers with unmatched flexibility
to establish and expand their international business and customer base,” said Michael Glenn, FedEx
Corporation Executive Vice President, Market Development and Corporate Communications.
The two acquisitions this week present a couple of lessons for entrepreneurs looking to sell their
companies. First, acquisition strategy can have multiple parts, with several mergers designed to help
a corporation grow in separate target areas. Second, the rise of ecommerce around the world
demonstrates that FedEx’s recent purchases are driven by an evolving marketplace with ever-more-
demanding customer expectations for service and quality assurance.
With strong growth figures for 2014, FedEx is now primed to achieve further success in expanding
its presence around the world. Bongo could ultimately have shareholders and customers heralding a
major “bingo.”
Author: Developing an acquisition strategy is a complex process that involves many different
considerations. Mergers and Acquisitions advisory services can help you narrow down your options
and make an offer on a business that meets your criteria.