FedEx completes Tatex takeover

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FedEx has completed the acquisition of French express operator Tatex giving it access to domestic ground network which carries 19 million shipments and produces some 150m euros in revenues annually.

“FedEx has always recognised 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

FedEx CEO Fred Smith said: “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.”

The company has been steadily broadening its European network and has just completed the acquisition of Opek, a Polish courier company with 1,200 employees and a network of 44 stations.

FedEx entered the French market in 1985, and in 2009, it expanded its hub at Charles de Gaulle airport, making it the biggest FedEx Express hub outside the US.

“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 Leary, president, FedEx Express Europe, Middle East, Indian Subcontinent and Africa (EMEA).

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