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ID Logistics Acquires Jagged Peak Assets for UD 15m
Monday 02 December 2019

2 December 2019 - France-based contract logistics company ID Logistics (PAR: IDL) has acquired the activities of US e-commerce logistics specialist Jagged Peak for USD 15m, the company said.

ID Logistics said this acquisition represents a strategic opportunity to extend the Group's geographical footprint to a new continent, paving the way for new organic and external growth opportunities.

Jagged Peak is an end-to-end e-commerce solutions provider, offering technology and services designed to create an e-commerce company that is scalable, profitable and heightens the customer experience.

ID Logistics is an international contract logistics group, with more than 300 sites across 18 countries, representing 5.5m square meters of warehousing facilities in Europe, America, Asia and Africa, and 20,000 employees.
Details
Date Published: 02/12/2019
Target: Jagged Peak
Country: USA
Deal Size: 15m (USD)
Sector: Wholesale/Retail
Type: Corporate acquisition
Financing: Cash
Status: Closed
Vendor:
Buyer: ID Logistics
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