North West mail services provider The Delivery Group is selling its P2P Mailing subsidiary to courier giant FedEx Corporation.

FedEx will acquire the company from Warrington-based Delivery Group for £92m.

P2P was founded in 2008 and is based in Laindon, Essex. It provides outbound ecommerce delivery services from the UK to overseas markets.

Delivery Group is a portfolio company of London private equity house Next Wave Partners.

Following the disposal, Delivery Group will continue expanding its range of technology-enabled distribution services, including those available through its Secured Mail and CMS brands.

More