UPS to purchase Ireland’s Nightline Logistics

The parcel carrier and third-party logistics provider has entered a definitive agreement to buy Irish express delivery service Nightline Logistics Group, UPS said in a statement.    UPS has entered a definitive agreement to buy Irish express delivery service Nightline Logistics Group, the company said in a statement.
   Financial terms of the deal were not disclosed. Nightline is a privately held company and the acquisition is subject to closing procedures and regulatory approval, UPS said.
   “Nightline will complement our existing services, increasing delivery density, while also adding innovative new service options,” said Jim Barber, president of UPS International, in a statement. “We also look forward to bringing UPS’s extensive healthcare, high-tech and other specialized logistics expertise to the many Irish companies that specialize in these markets.”
   Nightline started operations about 20 years ago, and has been led by founder and chief executive officer John Tuohy, who said “this is the right time” for the company to become part of a larger, international operator like UPS.
   “With the addition of Nightline, we continue on our growth path in Europe, and will now be able to better serve customers who export into, and out of, Ireland,” said Nando Cesarone, UPS’s Europe region president. “This is in addition to UPS’s commitment announced in 2014 to invest U.S. $2 billion in its European infrastructure by 2020.”
   UPS currently provides both small package and supply chain services to customers in Ireland. The company also operates cargo gateways at both the Dublin and Shannon airports.