Why did FedEx buy TNT?

FedEx acquired TNT to expand its market presence in Europe, enhance its global network, and gain a significant share of the European market. TNT's strong European road transportation network and air transport capabilities complement FedEx's existing services, enabling the combined entity to provide more efficient and comprehensive logistics solutions. Additionally, the acquisition allows FedEx to leverage TNT's technology resources and supply chain expertise, particularly in the pharmaceutical industry, further strengthening its position as a global logistics leader.