ID Logistics extends its footprint to USA
ID Logistics, a French provider of contract logistics, has acquired the assets of the American company Jagged Peak, a logistics company specialised in e-commerce, multi-channel and consumer products.
Eric Hémar, chairman and CEO of ID Logistics commented: "This acquisition represents an exceptional strategic opportunity to extend the group's geographical footprint to a new continent. Beyond the American market, a country with a very strong potential for our activities, this operation demonstrates the confidence and satisfaction of Nespresso, one of our long-standing customers that entrusts us with the management of its logistics flows in the United States."
Founded in 2000 and based in Tampa, Florida, Jagged Peak is a logistics services company specialising in e-commerce that achieved sales revenues of USD 80 million in 2018 and has nearly 200 employees. The acquisition price of Jagged Peak amounts to USD 15 million. (mw)