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FedEx (NYSE: FDX), Memphis, TN, has acquired P2P Mailing Limited, a provider of worldwide e-commerce transportation solutions, for £92 million (approximately $130 million).
P2P provides last-mile delivery options for customers in more than 200 countries. Based in Laindon, UK, it will operate as a subsidiary of FedEx Cross Border, within the FedEx Trade Networks operating company.