FedEx has completed the acquisition of TNT Express for €4.4bn($4.8 bn), express courier firms. Combination will transform FedEx’s European capabilities and accelerate global growth. Customers will enjoy access to an enhanced, integrated global network, combining TNT Express strong European capabilities and FedEx’s strength in other regions globally, including North America and Asia. “We believe that this strategic acquisition will add significant value for FedEx shareowners, team members and customers around the globe. This transaction allows us to quickly broaden our portfolio of international transportation solutions to take advantage of market trends – especially the continuing growth of global e-commerce– and positions FedEx for greater long-term profitable growth.” Frederick W. Smith, FedEx Chairman and CEO.