M&A Deal Summary

FedEx Acquires TATEX SAS

On May 10, 2012, FedEx acquired transportation company TATEX SAS from Xaap Finance SASU for 55M USD

Acquisition Highlights
  • This is FedEx’s 12th transaction in the Transportation sector.
  • This is FedEx’s 9th largest (disclosed) transaction.
  • This is FedEx’s 1st transaction in France.

M&A Deal Summary

Date 2012-05-10
Target TATEX SAS
Sector Transportation
Buyer(s) FedEx
Sellers(s) Xaap Finance SASU
Deal Type Divestiture
Deal Value 55M USD

Target

TATEX SAS

Tours, France
website
TATEX is a B2B express transportation company for heavy shipments in France.

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Buyer(S) 1

Buyer

FedEx

Memphis, Tennessee, United States

website


Category Company
Founded 1971
Sector Transportation
Employees324,000
Revenue 84.0B USD (2021)
DESCRIPTION
FeDex's corporate headquarters in Memphis, Tennessee.
FeDex's corporate headquarters in Memphis, Tennessee.

FedEx is a global transportation and logistics company. FedEx provides a broad portfolio of transportation, e-commerce and business services through four segments. FedEx Express is the world’s largest express transportation company, offering time-certain delivery within one to three business days and serving markets that comprise more than 90% of the world’s gross domestic product. FedEx Ground is a North American provider of small-package ground delivery services. FedEx Ground provides low-cost, day-certain service to every business address in the United States and Canada, as well as residential delivery to nearly 100% of U.S. residences through its FedEx Home Delivery service. The FedEx Ground segment also includes FedEx SmartPost, Inc., which specializes in the consolidation and delivery of high volumes of low-weight, less time-sensitive business-to-consumer packages using the U.S. Postal Service for final delivery to any residential address or PO Box in the United States. FedEx Freight is a North American provider of less-than-truckload freight services. The FedEx Freight segment also offers freight delivery service throughout Canada and Mexico and includes FedEx Custom Critical, Inc., a leading North American provider of time-specific, critical shipment services. FedEx Services provides companies with sales, marketing, information technology, communications and back-office support. The FedEx Services segment also includes FedEx TechConnect, Inc., which is responsible for customer service, billings and collections for our U.S. customers and offers technical support services, and FedEx Office, which provides an array of document and business services and retail access to FedEx Express and FedEx Ground shipping services. FedEx was founded in 1971 and is based in Memphis, Tennessee.


DEAL STATS #
Overall 13 of 22
Sector (Transportation) 12 of 19
Type (Divestiture) 1 of 2
Country (France) 1 of 1
Year (2012) 1 of 3
Size (of disclosed) 9 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-16 MultiPack

Mexico City, Mexico

MultiPack provides package delivery, transportation and warehousing services throughout all 31 Mexican states and the Distrito Federal. The company has 48 distribution centers, 13 warehouses, and more than 500 retail locations in Mexico.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-14 Opek Sp.z o.o.

Lomianki, Poland

Opek Sp.z o.o. is a Polish courier company. Opek operates an automated hub in Lomianki, near Warsaw, and additional hubs in Lodz and Katowice. In total, the company operates 44 stations throughout Poland and has more than 1,200 employees.

Buy $54M

Seller(S) 1

SELLER

Xaap Finance SASU

Rennes, France

Category Company
Founded 2005
Sector Business Services
DESCRIPTION


DEAL STATS #
Overall 1 of 1
Sector (Transportation) 1 of 1
Type (Divestiture) 1 of 1
Country (France) 1 of 1
Year (2012) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-04-01 TATEX SAS

Tours, France

TATEX is a B2B express transportation company for heavy shipments in France.

Buy -