The integrator’s purchase will boost its retail reach internationally.
UPS has purchased i-parcel, an e-commerce company representing merchants in the U.S. and the UK, for an undisclosed amount.
The company boasts a platform that lets “customers in over 100 countries to shop online in the U.S. and UK as if they were shopping in their own country,” according to a press release.
Alan Gershenhorn, executive vice president and chief commercial officer for UPS, said the integrator is simply keeping up with worldwide e-commerce demand. He noted that cross-border e-commerce is expected to hit $105 billon by the end of the year, ballooning to $300 billion by 2018.
“UPS continues to invest in capabilities that enable its e-commerce merchants to meet the growing global demand,” he said.
UPS acquires cross-border e-commerce firm
