UPS: Undergoing Transformation With TNT Acquisition But Valuation About Right - Seeking Alpha Notably, the company is going through a bit of transformation with its purchase of TNT Express this spring. UPS is optimistic about the transaction and said in its press release that the combination will create a global leader in the logistics industry, with annual revenues of more than €45 billion ($60 billion) and will deliver significant benefits for the shareowners, customers, employees and other stakeholders of both companies. The proposed transaction will accelerate UPS's growth strategy and increase its geographic diversity and ability to provide customers comprehensive solutions. UPS currently estimates annual run-rate pre-tax cost synergies of approximately €400 to €550 million ($525 to $725 million) a year, achieved by the end of the fourth year after closing. UPS believes that the cumulative pre-tax implementation costs related to achieving these synergies will be approximately €1 billion ($1.31 billion) over the four-year integration period.