UPS Capital purchases insured parcel services business of G4S


UPS Capital, the UPS subsidiary that purchased jewellery shipper Parcel Pro last month, has just acquired G4S Insured Parcel Services (IPS), another delivery business that caters to the jewellery industry. Through this merger, IPS customers will gain access to Parcel Pro’s 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 jewellery, 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.” CJ