UPS has plans to purchase two Costa Rica-based companies: Union Pak de Costa Rica, a small package delivery firm, and SEISA Brokerage, a brokerage business.
UPS expects to complete the transactions in the fourth quarter of 2013, subject to customary closing conditions. Terms of the deal have not been disclosed.
Both companies have long-standing relationships with UPS as authorized service contractors. The additions will allow UPS to better connect Costa Rica to regional and world markets through its network, the logistics company said.
Union Pak de Costa Rica serves various industries, with an emphasis on high-tech and medical device manufacturers. SEISA Brokerage provides same-day customs clearance and delivery of package shipments within the Costa Rican Free Trade Zone.
“With the ownership of these operations in Costa Rica, UPS can provide customers the full suite of logistics services and global trade expertise,” said Romaine Seguin, president of the UPS Americas region, in a written statement. “UPS continually invests in its global network and these additions illustrate the company's increasing commitment to serving the needs of customers in Costa Rica, and throughout Latin America.”