The EC has on January 08, 2016 announced an approval to the merger of TNT express by FedEx Corporation.
FedEx and TNT are two out of four so-called 'integrators' currently operating in the small package delivery sector in Europe. Integrators are companies that control a comprehensive air and road small package delivery network and are capable of offering a broad portfolio of reliable delivery services. The other integrators are Europe-based DHL, owned by Deutsche Post, and US-based UPS.
Following an in-depth investigation opened in July 2015, the EC has concluded that the acquisition will not give raise competition concerns, because FedEx and TNT are not categorically close competitors and because the merged entity will perpetuate to face sufficient competition from its rivals in all markets concerned.
Having regard to this, the EC has approved under the EU Merger Regulation the proposed acquisition of TNT Express by FedEx Corporation.