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
Founded in 2000 and based in Tampa,
Florida, Jagged Peak is a logistics services company specializing in
Jagged Peak distinguishes itself by
its ability to deploy an offering of order preparation and distribution
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
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.