ID Logistics has announced the acquisition of the assets of American company Jagged Peak in the United States for $15m, a logistics services company specialized 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 very strong potential for our activity, this operation demonstrates the confidence and satisfaction of Nespresso, one of our long-standing customers who entrusts us with the management of its logistics flows in the United States”.
Jagged Peak deploys an offering of order preparation and distribution throughout the United States, either on its own or through a network of partners. This integrated management tool will offer key e-commerce clients the opportunity to distribute their products throughout North America.
Through this acquisition, ID Logistics is expanding the scope of its operations in the United States, paving the way for external growth opportunities. The closing of the deal is expected before the end of 2019 after approval by American authorities.
Source: ID Logistics
