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"UPS and Intereuropa have had a successful relationship in Slovenia for almost two decades, but UPS needs a greater presence in this dynamic market," said UPS Europe president Wolfgang Flick. "With this acquisition and the establishment of wholly-owned operations in Slovenia, UPS will have the flexibility it needs to invest in its global brand, transportation network, technology and workforce to better serve its growing customer base in this country."

UPS' interest in Slovenia stems from the fact it has the highest per capita GDP in central Europe out of the countries that joined the European Union from 2004 onwards and enjoys stability in the region. Slovenia was a part of Yugoslavia, reports American Shipper.