GeoPost to complete acquisition of Exapaq in France
La Poste group’s Board of Directors today announced that it has given authorisation for GeoPost – the holding company for the group’s parcel and express subsidiaries– to complete its acquisition of the Exapaq network, currently managed by 15 partners in the transport and parcel delivery sectors.
This operation is subject to the agreement of France’s Directorate-General for Competition, Consumption and Fraud Control (DGCCRF).
Exapaq is a specialist in the B2B deferred delivery of parcels weighing up to 30 kg. The company employs a workforce of 1,800 in France, shipped 32 million parcels in 2004 and recorded a turnover of 194 million euros that year.
The acquisition will enable the group to complement the products and services offered by Chronopost, and reinforce GeoPost’s position as the leading operator in France in every segment for the BtoB delivery of parcels weighing less than 30 kg.
Via this operation, GeoPost aims to strengthen its position as the third operator in the B2B parcel and express delivery market in Europe.
