UPS has announced plans to acquire software and reverse logistics company Happy Returns from PayPal. The acquisition is expected to close in Q4 2021 and aims to enable frictionless returns for merchants and consumers, reducing the cost of e-commerce and creating a more efficient supply chain. Happy Returns offers a range of returns solutions and has over 800 merchant customers. The terms of the deal were not disclosed. UPS recently also announced the acquisition of time-critical logistics firm MNX Global Logistics.
Frequently Asked Questions
Q: What is the news about UPS acquiring a reverse logistics company?
A: UPS has announced its acquisition of Happy Returns, a leader in reverse logistics. The terms of the deal were not disclosed. Source
Q: When was the acquisition announced?
A: The acquisition of Happy Returns by UPS was announced 6 hours ago. Source
Q: How does UPS describe itself?
A: UPS is one of the world's largest companies. It had a revenue of $100.3 billion in 2022. Source
Q: Are there any details about the acquisition's impact on UPS services?
A: The search results do not provide specific details about the impact of the acquisition on UPS services.
Q: When is the acquisition expected to close?
A: The acquisition is expected to close in the fourth quarter. Source
Q: How many merchant customers does Happy Returns have?
A: The search results do not provide information about the number of merchant customers Happy Returns has.
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