US logistics company UPS has agreed a deal to buy Ireland’s Nightline Logistics Group, one of the biggest express delivery and logistics companies in Ireland.

Nightline also operates the Parcel Motel service, which offers a “virtual address”, allowing customers to manage their online shopping deliveries with ease.

The financial terms of the deal were not made public and the deal is still subject to regulatory approval.

In a statement, UPS said the deal will immediately position it as one of the top local shippers in Ireland.

“By integrating Nightline with UPS, customers will now have a wider array of both domestic and cross-border services,” the company added.

Nightline was set up in 1992 and it employs more than 1,000 people. Last year it announced plans to add 150 workers to its total workforce.

Nightline’s co-founder and chief executive John Tuohy said that as the company marks over two decades in business, this is the right time in its evolution to join the world’s largest parcel delivery company.

“Our customers across Ireland, Northern Ireland and the UK will benefit from an even wider reach, enjoying direct connectivity to global export markets, and it will be an important milestone in the company’s growth into the future,” Mr Tuohy added.

“Operating for more than 40 years in Europe, and almost 30 years in Ireland, UPS continues to build a powerful portfolio of services for our customers throughout the region,” said Jim Barber, President, UPS International.

“Nightline will complement our existing services, increasing delivery density, while also adding innovative new service options,” he added.

UPS already provides a similar small package a similar service called Access PointLockers and supply chain services to customers in Ireland, with a full range of ground, air and ocean freight solutions.

It also operates gateway functions at both Dublin and Shannon airports.

The Nightline deal is the latest in quick succession for the Irish logistics industry.

Dublin-based Johnstone Logistics announced it had been bought by German multinational Dachser, last week. Last month, Fastway Couriers announced that investment firm MML had made “a significant investment” in the business, taking a minority stake.