FedEx Express, a subsidiary of FedEx Corp. (NYSE: FDX) and the world’s largest express transportation company, and Flying Cargo Group jointly announce that FedEx Express has acquired the business and assets of the international express division of FC (Flying Cargo) Express Ltd. The Israeli Competition Authority granted merger approval for the acquisition on February 20, 2019.
“For nearly 30 years, we have operated as the FedEx Express licensee in the Israeli market, making the FedEx values, culture, innovation and unmatched global network accessible to Israeli customers. We are sure that this transaction will provide even better opportunities to our loyal customers and employees”, said Avi and Dany Reik, owners of Flying Cargo Group.
