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UPS Buys Belgium's Kiala

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2/15/2012 3:16 PM ET

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.

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by RTT Staff Writer

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