UPS to Acquire Happy Returns, a Leader in Reverse Logistics

UPS has announced its acquisition of Happy Returns, a software and reverse logistics company, from PayPal. The acquisition aims to expand UPS's returns capabilities and improve its digital solutions for shippers and consumers. Happy Returns provides a seamless and label-free returns process through its software and drop-off points. The deal is expected to close in the fourth quarter of 2023.

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Frequently Asked Questions

Q: What is UPS acquiring?

A: UPS is acquiring Happy Returns, a leader in reverse logistics. [Source: UPS Investor Relations]

Q: Who is Happy Returns currently owned by?

A: Happy Returns is currently owned by PayPal. [Source: UPS Investor Relations]

Q: What is the purpose of Happy Returns?

A: Happy Returns is a U.S.-based software and reverse logistics company that enables easy and convenient returns for customers. [Source: UPS Investor Relations]

Q: When was the UPS announcement made?

A: The UPS announcement was made 6 hours ago. [Source: UPS Investor Relations]

Q: Where can I find more information about UPS acquiring Happy Returns?

A: You can find more information about UPS acquiring Happy Returns on the UPS Investor Relations website. [Source: UPS Investor Relations]