July 16, 2015: UPS Capital, a subsidiary of UPS which provides supply chain financial, insurance and payment solutions, is purchasing the Insured Parcel Services (IPS) business of G4S International Logistics (G4Si), the logistics arm of G4S, the world's leading global integrated security company.
UPS Capital recently acquired Parcel Pro, the leading logistics provider to the high-value jewelry, wristwatch and collectibles industries. With this acquisition, IPS customers will have access to enhanced service offerings through Parcel Pro's secure logistics solutions, including higher insured value limits, expanded international coverage and superior technology.
"G4Si IPS and Parcel Pro are both players in the secure transportation of luxury, high-value jewelry, which is an industry segment that UPS Capital and UPS are dedicated to serving," says Ronald Chang, president of UPS Capital.
"This acquisition complements and strengthens our commitment to provide high-value parcel shippers with increased supply chain risk mitigation capabilities and enhanced services across the globe, including the United Kingdom, Germany, Thailand, the United Arab Emirates and Hong Kong."
G4Si is the logistics arm of G4S, the world's leading global integrated security company specializing in the provision of security products, services and solutions. Each year, G4S International Logistics (G4Si) exports cargoes worth in excess of one hundred billion dollars. With a network in over 110 countries, G4Si provides secure international transport and insurance for very high value cargoes, typically worth between one hundred thousand and one billion US dollars per transaction.