FedEx Corp. (NYSE: FDX) announced today that it has completed the
acquisition of TATEX, a leading French business-to-business express
transportation company. This transaction represents the latest step in
the company’s strategy to sustainably grow in Europe.
The addition of the TATEX business to the FedEx network will deliver an
excellent extension to the service portfolio of both companies and will
provide customers with more comprehensive international and domestic
service options. The acquisition will give FedEx access to a nationwide
domestic ground network which carries 19 million shipments and produces
approximately EUR 150 million in revenues annually. In return, TATEX
customers will gain direct access to the global FedEx network.
“FedEx has always recognized the importance of Europe and its many
unique marketplaces to global trade, and our most recent investments in
France demonstrate that we are systematically expanding our network and
value proposition in this market,” said Frederick W. Smith, chairman,
president and chief executive officer of FedEx Corp. “France has always
been a key market for FedEx and this acquisition enables us to further
strengthen our position in one of Europe’s largest economies. France
offers tremendous opportunities for companies wishing to explore new
markets and increase their business.”
“We are increasing our capabilities in France in a smart and sustainable
way by adding new stations, expanding existing facilities, growing our
flight network and this strategic acquisition,” said Gerald P. Leary,
president, FedEx Express Europe, Middle East, Indian Subcontinent and
Africa (EMEA). “During our fiscal year 2012, which ended in May, we
opened 19 stations and added four new B757 flights in France alone,
creating new jobs in the process. Our overall objective is to provide
outstanding services and continuity to our customers to help them remain
competitive during challenging economic conditions,” he continued.
“This acquisition is an important milestone for TATEX customers as well
as for its employees and couriers. TATEX customers will benefit from
direct access to the worldwide FedEx network and we are very pleased
that the TATEX team members now become part of one of the world’s most
admired companies. With this transaction, a new era of the TATEX company
history begins,” said Alain Chaillé, vice president, Operations, FedEx
Express France and President TATEX.
FedEx has been steadily broadening its European network and today’s
announcement follows the recent acquisition of Opek, a Polish courier
company with 1,200 employees and a network of 44 stations. In fiscal
year 2012, FedEx opened 38 new stations across Europe, launched five
B757 flights on intra-European routes, and another B777 for long-haul
routes—bringing the total number of B777s operating FedEx routes in and
out of Europe to four.
FedEx entered the French market in 1985. Since then the company has been
continuously expanding its range of international shipping services in
the market and today employs over 3,000 team members in the country. In
2009, the company expanded its EMEA hub at Paris’ Roissy Charles de
Gaulle airport, making it the biggest FedEx Express hub outside the U.S.
About FedEx Express
FedEx Express is the world’s largest express transportation company,
providing fast and reliable delivery to more than 220 countries and
territories. FedEx Express uses a global air-and-ground network to speed
delivery of time-sensitive shipments, by a definite time and date with a
About FedEx Corp.
FedEx Corp. (NYSE: FDX) provides customers and businesses worldwide with
a broad portfolio of transportation, e-commerce and business services.
With annual revenues of $43 billion, the company offers integrated
business applications through operating companies competing collectively
and managed collaboratively, under the respected FedEx brand.
Consistently ranked among the world's most admired and trusted
employers, FedEx inspires its more than 300,000 team members to remain
"absolutely, positively" focused on safety, the highest ethical and
professional standards and the needs of their customers and communities.
For more information, visit news.fedex.com.
Founded in 1976, TATEX is a leading B2B express transportation company
for heavy shipments in France. With more than 1,000 employees and a
nationwide network which includes a central Hub near Paris as well as 35
stations including 6 regional hubs, TATEX covers all of France and
carries more than 19 million parcels each year, representing an annual
turnover of about 150 million Euros. The company provides a wide range
of express and time-definite services for parcels as well as for pallets
of up to 800 kg in France and internationally. TATEX is known for
providing high-performance services to the high tech, spare parts,
automotive and clothing industries. For more information, visit www.tatexpress.com.