Memphis-based FedEx Corp. has signed an agreement to acquire TATEX, a leading French business-to-business express transportation company.
Founded in 1976, TATEX, a privately held company, has more than 1,000 employees and a nationwide network that includes 35 shipping centers and six regional hubs.
The acquisition will give FedEx access to a nationwide domestic ground network that carries 19 million shipments and produces approximately EUR 150 million in revenue annually.
FedEx first 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 United States.
Over the past six years, FedEx Express has been steadily broadening its European network. Most recently, the company announced plans to acquire Opek Sp.z o.o., a Polish shipping company. In 2006, the company bought ANC Holdings Limited, a UK domestic transportation company, followed by the acquisition of its Hungarian service provider, Flying Cargo Hungary Kft in 2007. Between October 2011 and May 2012, FedEx opened 38 new stations across Europe, including 19 in France.