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UPS (UPS Quote) agreed to acquire the U.K.'s Lynx Express for $96.5 million, a purchase the package delivery company said will further strengthen its services in the British Isles.
Lynx is one of the U.K.'s largest independent parcel carriers, and the company is majority-owned by the private equity firm Bridgepoint Capital (Nominees) Ltd. UPS expects to complete the transaction in the second half of the year.
Lynx had sales of $295 million for the fiscal year ended Oct. 2, 2004. ...
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