Chronopost International buys out all of interholding (Top Chrono and TZF)
Already a 49% shareholder of the Interholding company, in July 2003 Chronopost International purchased the remaining 51% previously owned by the company Saturne SA.
Interholding is made up of the companies Top Chrono – Saturne Courses (a company providing urban delivery on request, leaders in urban delivery in the Parisian region), TZF (specialists in regular delivery rounds) and TC Formation (Top Chrono training establishment).
The total acquisition of Interholding’s activities allows the Chronopost International group to strengthen its professional synergy and to consolidate its portfolio of express services provided by the different trade names:
– Urban delivery: Top Chrono and TZF
– National and international same-day delivery: Taxicolis
– National and international express delivery: Chronopost International
No changes will be made to Top Chrono’s clients nor to the 65 clients of TZF as a result of the takeover.
The 3 companies will also keep their existing teams, and will continue to be headed by:
– Catherine Tardivier, General Manager of Top Chrono and Manager of TC Formation
– Joël Mouton, General Manager of TZF
Edouard Jeulin, Administrative and Financial Director of Chronopost International, has been named as the Chairman of Interholding, Top Chrono and TZF.
Leaders in urban delivery in the Parisian region, Top Chrono and TZF currently employ 270 people and, in 2002, made a turnover of 13.5 million euros (8 million by Top Chrono and 5.5 million by TZF).
Top Chrono, the specialist in urban delivery on request, 24/7, with more and more of its business taking place via the Internet, was created in 1996 by the merging of AllopostExpress, a subsidiary of Chronopost, with Saturne Courses. Its client portfolio includes several hundred companies, many of which are highly reputable.
TZF, the specialist in scheduled delivery, 24/7, for over 30 years. Most of the company’s clients are businesses in the finance and banking sector.
TC Formation, a training centre for those in the delivery profession, which was created by Top Chrono in 1997 and is designed for those starting out in the profession and for established professionals in the delivery business wishing to perfect their skills.
As the European specialist in express transportation thanks to its extensive network, Chronopost International presently offers its services in 220 countries and territories worldwide. In 2002 the group transported more than 52 million letters and parcels, and this year achieved a turnover of 665 million euros.
