FedEx Continues Euro Expansion With Tatex Buy

Law360, New York (May 10, 2012, 1:05 PM EDT) -- FedEx Corp. will snap up privately held French transport services provider Tatex SAS to continue the expansion of its delivery network in Europe, the company said Thursday.

The purchase, for an undisclosed price, is FedEx's second in two months in the continent's heated-up shipping sector, which is still sizzling from United Parcel Service Inc.'s $6.8 billion acquisition of Dutch carrier TNT Express NV in March.

With €150 million ($194 million) in annual revenue and 19 million ground shipments per year through a central hub near Paris,...
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