FedEx completes Tatex acquisition

Europe

Tuesday, July 03, 2012

FedEx Corp. said Tuesday it has completed the acquisition of Tatex, a French business-to-business express transportation company. The company said the purchase "represents the latest step in the company’s strategy to sustainably grow in Europe." It said the acquisition will give FedEx access to a nationwide domestic ground network which carries 19 million shipments and produces about 150 million euros ($189 million) in revenues annually. “FedEx has always...

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