ID Logistics Buys Jagged Peak for
$15M
December 2, 2019
ID
Logistics has bought the assets of American company Jagged Peak, 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".
Founded in 2000 and based in Tampa,
Florida, Jagged Peak is a logistics services company specializing in
e-commerce, which achieved a sales revenue of $80 million in 2018 and
has nearly 200 employees.
Jagged Peak distinguishes itself by
its ability to deploy an offering of order preparation and distribution
throughout
the United States, either on its own or through a network of partners,
thanks to an efficient organization and a
unique IT system. This integrated management tool, which includes
modules from OMS (order management
system), WMS (warehouse management system) and TMS (transport management
system), offers key
e-commerce clients the opportunity to distribute their products
throughout North America in record time.
A
significant part of Jagged Peak's revenue is generated with Nespresso
for its B2B and B2C activities, including through market place for
American e-commerce leaders. As a long-standing customer in Europe,
Nespresso is delighted to be able to rely on ID Logistics' expertise and
to extend its partnership to the United States, which is one of its
fast-growing markets.
Through this acquisition, ID
Logistics is expanding the scope of its operations in the United States,
paving the way
for new organic and external growth opportunities.
The acquisition price of Jagged Peak
amounts to $15 million and the closing of the deal is expected before
the end of 2019 after approval by the competent American authorities.
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