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FedEx completes acquisition of parcel delivery company P2P

FedEx Corp. said March 27 that it completed its £92 million acquisition of P2P Mailing Ltd., a provider of worldwide e-commerce transportation solutions.

Based in Laindon, U.K., P2P will function as a subsidiary of FedEx Cross Border within the FedEx Trade Networks operating company.

"By adding P2P to the FedEx portfolio, we will be able to effectively serve even more elements of the e-commerce market," said FedEx Cross Border CEO Carl W. Asmus.