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FedEx Corp. (New York Stock Exchange code: FDX) announced today that it has agreed to acquire logistics service provider Manton Air Sea Pty Ltd, which includes freight forwarding and customs clearance solutions. Manton's capabilities complement and expand the FedEx product portfolio, which is crucial for the rapidly growing global business landscape. This acquisition is expected to be completed later this year and is subject to customary transaction conditions.

Manton operates in Australia, connecting customers to the global market through regional portals and relationships with multiple airlines. With knowledge in healthcare and the automotive market, Manton is recognized in the fields of air and sea freight forwarding solutions and customs clearance business.

Manton is headquartered in Sydney, Australia and will operate as a subsidiary of FedEx Trade Networks.

"Integrating Manton's capabilities into FedEx Trade Networks and a broader FedEx product portfolio will provide us with opportunities to continue expanding in Australia, a country with strong GDP and important markets in the Asia Pacific region," said Richard W. Smith, CEO of FedEx Trade Networks. "We look forward to exploring potential business opportunities through the collaboration between Manton and FedEx Trade Networks, as well as FedEx Express and its presence in the Asia Pacific region and Australia. We are pleased that Manton team members have joined the FedEx family and have combined the talents of both teams to contribute to our continued success."

"We have long admired the FedEx Trade Networks team and recognized their growth and expansion over the past few years," said Michael Rolls, Managing Director of Manton. "We look forward to joining FedEx and working together to expand into Australia and other markets."

FedEx Office is a convenient and advanced provider of printing, packaging, and transportation services worldwide, and a subsidiary of FedEx Corp. (New York: FDX). Today, its national printing survey showed that 82% of small and medium-sized enterprises (SMBs) and 61% of consumers choose to print at the same or higher speed as the previous year. Printing materials are still highly valued - nearly half of the audience stated that the convenience provided through digital and mobile access is a very important factor in this process.