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Announced

J&T Express to acquire Shenzhen Fengwang Information Technology from SF for $170m.

Financials

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Transaction Value£136m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Cross Border

Pending

Friendly

Express Courier / Parcels

Single Bidder

Private

China

Acquisition

Majority

express delivery

Synopsis

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J&T Express, a global logistics service provider, agreed to acquire Shenzhen Fengwang Information Technology from SF, a delivery services and logistics company, for $170m. "This acquisition will enhance the integrated service capabilities of J&T Express. This move is expected to foster high-quality development of the industry allowing it to further increase its competitive advantage in the e-commerce delivery sector and contribute to the high-quality development of the industry," J&T Express.

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