United Parcel Service, Inc. (UPS: Quote) said Wednesday that it has acquired Kiala, a firm based in Brussels that provides convenient delivery options to busy consumers purchasing goods over the Internet.
Terms of the deal were not disclosed.
Kiala was launched in 2001 as a private firm and currently operates in five countries: Belgium, France, Luxembourg, the Netherlands and Spain. It has developed a platform that enables e-commerce retailers to offer their shoppers the option of having goods delivered to a convenient retail location.
UPS said the acquisition will broaden its service portfolio for business-to-consumer deliveries.
Click here to receive FREE breaking news email alerts for United Parcel Service and others in your portfolio
by RTT Staff Writer
For comments and feedback: email@example.com