La Poste buys ecommerce logistics specialist
La Poste Group has further strengthened its ecommerce capabilities with another acquisition – this time ecommerce logistics firm Orium.
Read MoreTag: La Poste Group
La Poste says volume decline accelerated in first half
La Poste Group’s chairman, Jean-Paul Bailly, has said the company achieved “robust results” against an unfavourable economic backdrop in the first half of the year.
Read MoreLa Poste drives e-commerce business with fulfillment unit
La Poste Group is taking over a company that specialises in setting up and hosting e-commerce websites to encourage retailers to move into online shopping.
Read MoreLa Poste to be first major postal operator to go “carbon neutral”
French postal service La Poste Group is set to become the first major postal operator to provide full carbon neutrality for all its services.
Read MoreGeoPost buys another Seur franchisee
GeoPost, the La Poste Group express subsidiary, has continued its expansion in Spain with the acquisition of another franchisee of leading express firm Seur.
GeoPost-Seur, the French-Spanish joint venture, bought the franchisee in the Granollers region, near Barcelona, for an undisclosed sum, Spanish media reported citing a company press release. The Granollers company, Osvalma S.A., with about 60 employees, has annual turnover of about euro 20 million.
This is the sixth acquisition of a Seur franchisee and leaves GeoPost-Seur, in which GeoPost holds 60%, with an unchanged stake of 18.68% in the overall Seur Group. Most of the other Seur franchisees comprise the remaining group’s shareholders but Osvalma did not own any Seur shares.
Seur, with turnover of euro 574 million in 2005, is one of the leading express companies in Spain, which is one of the five largest CEP markets in Europe and is growing at a strong single-digit rate, according to CEP-Research information.
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