Global logistics giant UPS has announced it will acquire the Irish Nightline group in a move that will domestically expand its express delivery services around the country.
Nightline, Ireland’s leading courier service, is set to be acquired by the US-based logistics company in a multi-million euro buyout, the details of which have not yet been disclosed.
The deal will include the acquisition of other Nightline services such as Parcel Motel – a service that allows for packages be delivered to many of Nightline’s terminals situated around the country to be collected at the owner’s convenience.
The deal has not yet been finalised and is subject to regulatory approval.
Nightline co-founder and CEO John Tuohy said the buyout will benefit its customers in Ireland, Northern Ireland and Britain, who will enjoy an even broader access to global export markets.
UPS ships to over 220 territories around the world and has operated a pickup and delivery service in Europe for over 40 years.
It currently operates in ground, air and ocean freight solutions in Ireland and has gateway functions at both Dublin and Shannon airports.
Under the terms of the deal the two brands will function separately, with slow integration expected to take part over a number of years.
Jim Barber, President of UPS International, said: “Nightline will complement our existing delivery services, increasing delivery density, while also adding innovative new service options.”
“We also look forward to bringing UPS’s extensive healthcare, high-tech and other specialized logistics expertise to the many Irish companies that specialize in these markets.”