Yesterday, the world's largest package delivery company UPS agreed to acquire Europe's second largest courier service TNT Express Group for 5.16 billion euros ($ 6.8 billion) in cash, the annual revenue of the combined company is expected to be more than 45 billion euros to become the global logistics industryleader.

Yesterday, the logistics giant UPS agreed to the acquisition of TNT Express Group for 5.16 billion euros ($ 6.8 billion) in cash, the purchase price for the ordinary shares of 9.5 euros per share for TNT than the stock Feb. 16, that is, the two sides announced before the negotiations in progress related day's closing price premium of 53.7%. This transaction the the TNT executives and board of directors unanimously adopted. By merging the two sides will strengthen and integrate global business network, a leader in the global logistics industry to build an annual revenue of over 45 billion euros.

TNT Express is the world's top four providers of logistics and distribution, and revenue of 7.25 billion euros in 2011, two-thirds of them from the European market. UPS has exceeded FedEx and Deutsche Post's DHL, has become the world's highest revenue international logistics giants.

Acquisition of TNT is headquartered in Atlanta, USA, UPS means that its market position in Europe will be the region's largest express operators Deutsche Post Group rivals, but also will deepen its high-growth markets in the Asia-Pacific and Latin America development. For TNT's shareholders, will create additional value through accelerating the growth of UPS's international business.

UPS accounted for 7.7% of the European express parcel market share in 2010 (9.6%), TNT, combined, can catch up with DHL Express (DHL) 17.6% share. Acquisition of TNT UPS was established more than a century will be the biggest acquisition