Wednesday, 16 May 2012

FedEx Express takes over French express transportation company TATEX

Last week, the international courier, FedEx Express confirmed that it will acquire the French express transportation company, TATEX. FedEx Express had announced initial plans back in April.

Six days ago, the following statement by Fredrick W. Smith, chairman, president and chief executive officer of FedEx Corp., was published:

“The TATEX business complements FedEx existing operations in the French market, and will enable the company to provide additional local services in one of Europe’s largest geographies, to its customers around the world.”

Over the last 38 years, TATEX was able to form a nationwide network consisting of a hub at Lieusaint near Paris delivering parcel to 35 shipping centres all over France.

Following the purchase of the Polish courier company, Opek Sp.z.o.o., FedEx Express hopes that this acquisition will contribute to the its organic growth and benefit future expansion plans for the European market.

Source: FedEx

No comments: