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Jersey Post has announced an investment in the United States business, Global eParcel Solutions (GePS), based in Miami.
They said the deal formed part of a plan to address the long-term terminal decline in domestic mail volumes.
Jersey Post began looking for opportunities outside of the local market last year, with acquisitions being completed for a freight and logistics company and a commercial customs clearance broker, both based in the UK. The confirmed investment in GePS aims to strengthen Jersey Post’s expanding international network.
Tim Brown, Chief Executive at Jersey Post said: “We recognize that our primary base and market is Jersey. As a locally grown business, we have a duty to evolve our services in order to meet the changing needs of Jersey-based customers and businesses. Not only does the investment in GePS provide extended, international services to fulfil the needs of Jersey businesses, wherever they operate, it will also provide valuable returns to support the ongoing and long-term provision of our on-island delivery network.”
Speaking about the investment, Tom Alfonso, Managing Director of GePS, said: “This investment is hugely exciting for us and our business. Not only does it us support our desire for global expansion, in particular through Europe, but it also strengthens our organizational structure, providing access to an extended range of skills and support services to strengthen our own business development.”
The investment takes immediate effect but has no impact on reporting structure or headcount for either companies.
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