UPS acquires two Costa Rican companies
UPS says it will purchase assets and operations of two Costa Rican based companies: small package delivery company Union Pak de Costa Rica, S.A.; and brokerage company SEISA Brokerage. Both companies have long-standing relationships with UPS as Authorized Service Contractors (ASC).
UPS says the acquisitions will help it to better connect Costa Rica's expanding economy to regional and world markets through the UPS network. For Costa Rican shippers, UPS says it will be better positioned to provide customers one source for small package, freight forwarding, brokerage, and contract logistics, with a stronger link to UPS's global transportation network. Access to multi-modal services including ocean and airfreight will improve customers' ability to ship across borders, boosting export trade lanes within Latin America and to the U.S., UPS says.
Union Pak de Costa Rica serves various industries with an emphasis on high-tech and medical device manufacturers. SEISA Brokerage provides same day customs clearance and delivery of package shipments within the Costa Rican Free Trade Zone, which eases cross border trade for customers.
"UPS has enjoyed a successful relationship with these two companies," says Romaine Seguin, president, UPS Americas region. "With the ownership of these operations in Costa Rica, UPS can provide customers the full suite of logistics services and global trade expertise. UPS continually invests in its global network and these additions illustrate the company's increasing commitment to serving the needs of customers in Costa Rica, and throughout Latin America."
UPS established a Costa Rica presence in 1990. In addition to its small package ASC, UPS provides services in Costa Rica through UPS Air Cargo, and UPS Supply Chain Solutions.
UPS expects to complete the transactions in the fourth quarter of 2013 subject to customary closing conditions. Terms of the deal were not disclosed.