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VOL. 127 | NO. 75 | Tuesday, April 17, 2012

FedEx in Talks to Buy French Shipper

By Bill Dries

Print | Front Page | Email this story | Email reporter | Comments ()

Memphis-based FedEx Corp. is in negotiations to buy Tatex, a 36-year-old French shipping company that focuses on heavy shipments of parts and technology across of France.

Neither company released any further information about the talks, which surfaced Tuesday, April 17.

FedEx has its European hub in Paris. Tatex operates a central hub near Paris and has more than 1,000 employees.

Word of the acquisition talks comes the same month that FedEx and Opek Sp.z.o.o signed an agreement in which FedEx acquired the Polish courier company.

Like Tatex, Opek has a domestic ground network.

In the current fiscal year, FedEx Express has opened 26 new stations across Europe in a move to not only link Europe to other continents but to become a domestic carrier on the continent.

The Associated Press contributed to this story.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 89 242 14,959
MORTGAGES 111 255 19,585
FORECLOSURE NOTICES 21 43 3,838
BUILDING PERMITS 153 512 35,842
BANKRUPTCIES 61 182 14,216
BUSINESS LICENSES 18 104 5,095
UTILITY CONNECTIONS 76 246 21,679
MARRIAGE LICENSES 16 75 4,632

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