GeoPost sells Chronopost subsidiary Taxicolis to Flash Europe International
GeoPost has announced the sale of Taxicolis, a Chronopost subsidiary, to express operator Flash Europe International. This sale is part of GeoPost’s strategy to focus on its core competence of express parcel delivery.
Taxicolis, which employs around 250 people, specialises in personal delivery of express shipments as well as high-value health and breakable products within France. In 2007, it recorded total revenues of EUR 66 million.
Flash Europe International, present in 10 countries, has been providing express transport services, especially for the industry sectors such as automotive, health and banking and IT services, for about 25 years.
The new group is positioning itself as a European leader for urgent transportation with revenues of EUR 110 million, 320 employees in 10 different countries and operating capacity in 80 countries worldwide.
The acquisition would give Taxicolis a unique opportunity to establish itself on the European market in the sectors of healthcare and public services, La Poste said in a statement.
GeoPost has announced the sale of Taxicolis, a Chronopost subsidiary, to express operator Flash Europe International. This sale is part of GeoPost’s strategy to focus on its core competence of express parcel delivery.
Taxicolis, which employs around 250 people, specialises in personal delivery of express shipments as well as high-value health and breakable products within France. In 2007, it recorded total revenues of EUR 66 million.
Flash Europe International, present in 10 countries, has been providing express transport services, especially for the industry sectors such as automotive, health and banking and IT services, for about 25 years.
The new group is positioning itself as a European leader for urgent transportation with revenues of EUR 110 million, 320 employees in 10 different countries and operating capacity in 80 countries worldwide.
The acquisition would give Taxicolis a unique opportunity to establish itself on the European market in the sectors of healthcare and public services, La Poste said in a statement.
The new group will be organised around its key sectors of automotive/industry, public services and healthcare. Each of these sectors will be organised independently with an integrated sales/marketing and operations division.
The key changes include among others the reorganisation of Taxicolis and Flash Europe activities in the health sector under one single brand “Bio-Logistic”. The public services activities will also operate under a new common brand.
In contrast, the activities of the two companies in the automotive sector will keep operating separately under their current brands to continue the capitalisation of the two strong labels. In addition, the European locations and the global network of Flash Europe as well as the partner network of Taxicolis will serve the newly-created group.
