UPS Capital has announced that it is set to acquire the G4S International Logistics (G4Si) Insured Parcel Services (IPS) business. 

This comes in the wake of the recent acquisition of Parcel Pro by UPS, a logistics provider to the high-value jewellry, wristwatch and collectibles sectors.

IPS customers are expected to benefit from enhanced service offerings, as the firm will now be able to add through Parcel Pro's secure logistics solutions to its portfolio of services. 

President of UPS Capital Ronald Chang said both IPS and Parcel Pro are major players in the delivery of luxury, high-value jewellry - a sector UPS is dedicated to serving. 

"This acquisition complements and strengthens our commitment to provide high-value parcel shippers with increased supply chain risk mitigation capabilities and enhanced services across the globe, including the United Kingdom," he commented.