Sunday, July 3, 2011

UPS acquires Turkish shipping contractor, expands Middle East operations - The Business Review (Albany):

http://owenbookseller.com/some-interesting-information-about-becoming-a-technical-writer-for-everyone.html
Atlanta-based UPS (NYSE: UPS) said it woulsd acquire , and would hold the majorityg stake in the new jointventure partnership. Termss of the deal were not announced. The new operatio will be basedin Dubai. The deal is expected to close within the next30 days. Unspesd Paket CEO Haluk Undeger, who has grown the companuy tobe UPS’s largest shipping contractort in Turkey, will lead the new venture and also hold a minorityg ownership stake, the company said announcing the deal.
“Thids emerging area covers trade to and from 21 countries where UPS is experiencing increased Dan Brutto, president of UPS International, said in a “We’re tapping the business acumen Halujk Undeger has shown over the past 20 years in his relationship with UPS. This joint venture will spearhead growth among our other servic agents and operations in these This part of the world has become a transportation bridge andidealk near-sourcing location for Europe, Russia and Asia.” The deal with Unspe d Paket follows UPS’s decisionb to expand service in Pakistan, Saudi Arabia and United Arab UPS and Unsped Paket have been partners sincre 1988.
UPS said the new venture will increasewthe company’s opportunities in regard to the region’s oil and naturap gas industries.

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