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…
Sign up for a free preview to unlock the rest of this article
If your job depends on informed compliance, you need International Trade Today. Delivered every business day and available any time online, only International Trade Today helps you stay current on the increasingly complex international trade regulatory environment.
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.