UPS (NYSE:UPS) today announced it had acquired SEP portfolio company Kiala, a firm based in Brussels that provides convenient delivery options to busy consumers purchasing goods over the Internet.
Kiala was launched in 2001 as a private firm and currently operates in five countries: Belgium, France, Luxembourg, the Netherlands and Spain. It has developed a platform that enables e-commerce retailers to offer their shoppers the option of having goods delivered to a convenient retail location. The acquisition will broaden UPS’s service portfolio for business-to-consumer deliveries.
Terms of the deal were not disclosed.