FedEx Buys French Shipping Company, Continuing European Expansion
FedEx said it agreed to buy French business-to-business express transportation company TATEX Express, in the latest FedEx investment in Europe. This deal is subject to regulatory approvals and customary conditions. The terms weren't announced. Privately-held TATEX has more than 1,000…
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employees and a nationwide network with a central hub at Lieusaint, just south of Paris, and 35 shipping centers including six regional hubs. It has a nationwide domestic ground network which carries 19 million shipments and produces approximately EUR 150 million in revenue annually. FedEx Express recently announced plans to acquire Opek Sp.z o.o., a Polish shipping company.