The Board of Directors of the La Poste Group today authorised GeoPost to finalise the acquisition of the Exapaq network managed by 15 partners from the transport and parcel delivery world.
This operation is subject to approval by the Directorate-General for Competition, Consumption and Fraud control (the DGCCRF).
Specialist of the B-to-B segment and less rapid delivery of parcels up to 30 kg, Exapaq, which counts 1,800 employees in France, transports 32 million parcels a year for an annual turnover in 2004 of 194 million euros.
This acquisition will enable proposing a complementary offer to Chronopost and will consolidate GeoPost’s position of leader in France on all market segments of business parcels up to 30 kg.
About Exapaq
Exapaq is the result of a common desire of 15 independent French companies of the transport and parcel delivery world to quickly take a leading position in the parcels up to 30 kg niche. With 52 agencies and 1,800 employees in France and 5 national hubs, Exapaq deals with 32 million parcels a year for an annual turnover in 2004 of 194 million euros. With 200 swopbodies and 1,400 delivery vans, Exapaq covers 300,000 km every day for its B-to-B delivery of parcels up to 30 kg for 12,000 business customers.
About GeoPost
GeoPost is a leading player on the global parcels and express market, operating in more than 30 countries under brand names such as DPD, Chronopost, Parceline, Masterlink… GeoPost is Europe’s third largest provider of express and deferred parcels services, recording a global turnover of EUR 2.5 billion in 2005. GeoPost is wholly owned by France’s national postal service Groupe La Poste.
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