April 6, 2017 / 8:30 AM / 4 months ago

BRIEF-Royal Mail's GLS buys U.S. parcel delivery firm Postal Express

April 6 (Reuters) - Royal Mail Plc:

* General logistics systems has acquired U.S. overnight parcel delivery company, Postal Express

* Total consideration paid is aabout $13.3 million and the transaction is expected to be economic profit accretive for GLS in 2018-19

* Postal express will be consolidated within GLS for reporting purposes but managed as a separate entity Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +91 806 749 1136)

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