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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 114 332 10,554
MORTGAGES 119 412 13,739
FORECLOSURE NOTICES 0 68 2,712
BUILDING PERMITS 522 915 25,222
BANKRUPTCIES 80 264 10,156
BUSINESS LICENSES 16 78 3,814
UTILITY CONNECTIONS 92 430 14,987
MARRIAGE LICENSES 15 83 3,250

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