GeoPost has acquired 100% of Stuart Delivery Ltd.’s share capital, having acquired a 22% share in 2015.
Founded in 2015 by Clément Benoît and Benjamin Chemla, Stuart is a technology platform which connects retailers with a fleet of independent couriers to help business meet the delivery expectations of their end-customers.
Stuart has built algorithmic dispatch for both on-demand and scheduled jobs, and integrated its API with leading multinational retailers across France, the U.K. and Spain. With 100 employees across technology, data, product, operations and business development, Stuart facilitates thousands of deliveries per day for more than 500 active customers including Carrefour, Franprix, Burger King, The Kooples, Pizza Hut and Cdiscount.
Paul-Marie Chavanne, GeoPost’s CEO, stated that “This decision logically follows our investments in Stuart over the past 2 years. Stuart completes our delivery service at a local level and embodies the future of express urban delivery, a rapidly expanding strategic activity for us.”
Benoît and Chemla further commented: “We are extremely proud of the journey that we and our more than 100 employees have taken over the last two years. GeoPost’s acquisition will enable Stuart to maximise its potential and become the leading player in last mile delivery in Europe.”
Stuart will remain an independent brand and subsidiary in order to ensure the autonomy of its management team and its commitment to technological innovation. However, the company will be co-chaired by Diego Magdelénat and Paul-Ambroise Archambeaud, the founders of Pickup, a start-up specialising in alternative delivery which GeoPost acquired in 2009. Pickup’s leaders will integrate Stuart within GeoPost in order to maximise synergies between the companies, including developing value-generating solutions for the Group’s customers.
Source: GeoPost
