Jacky Perrenot to Acquire Agediss, Expanding Logistics Dominance in France and Europe

Jacky Perrenot to Acquire Agediss, Expanding Logistics Dominance in France and Europe

(IN BRIEF) French transport giant Jacky Perrenot has finalized an agreement to acquire 100 percent of the shares in Agediss, a leading 2-man handling specialist for furniture and large-volume goods in France. The acquisition, signed on February 10, 2024, marks a strategic move by Jacky Perrenot to strengthen its position in the European logistics market, particularly in the realm of B2C services. With Agediss boasting a strong network and digitalized service offerings, the merger presents opportunities for both companies to capitalize on further growth potential. Additionally, Jacky Perrenot’s commitment to retaining all 530 Agediss employees underscores its dedication to maintaining service excellence and market leadership in 2-man handling both domestically and across Europe.

(PRESS RELEASE) HAMBURG, 26-Feb-2024 — /EuropaWire/ — The European transport service provider Jacky Perrenot intends to acquire 100 percent of the shares in Agediss, one of the leading 2-man handling specialists for furniture, large-volume, and sensitive goods in France. As the previous owner, the Otto Group believes that the new constellation offers excellent opportunities for the French logistics company to continue to enjoy sustainable economic success – also at a European level. All 530 employees are to be kept on.

On February 10, 2024, the French transport company Jacky Perrenot signed an agreement to acquire 100 percent of the shares in the 2-man handling specialist Agediss. The Otto Group is thus continuing its process of realignment in the logistics sector in Europe.

“The merger of Jacky Perrenot and Agediss is a win-win situation for both companies. The takeover will enable them to complement each other perfectly in the future and, thanks to their combined size in the highly competitive and dynamic market environment of French logistics, to tap further growth potential on the international market,” says Kay Schiebur, Otto Group Executive Board Member for Services.

Agediss, based in Les Essarts en Bocage, has been part of the Hermes Group since 2017 and is therefore an Otto Group company. With a turnover of almost 100 million euros, 35 branches, 300 vehicles specially equipped for the transport of furniture, large electrical appliances and heavy and sensitive goods and 76,000 square meters of storage capacity, Agediss is one of the leading 2-man handling specialists for commercial and private customers in France. Thanks to its strong network and decades of expertise, Agediss enjoys the trust of large, well-known companies.

“Agediss has already perfected its service offerings for its customers in recent years through its digitalization processes. For example, customers can select a specific delivery window at the time of purchase, track the progress of their order in real time and communicate with their delivery person via a smartphone app. I am particularly pleased that Jacky Perrenot intends to take over all of Agediss’ approximately 530 employees in order to position itself as the leading provider in 2-man handling in France and Europe,” explains Viviane Reichert-Brown, CEO Hermes France Holding SAS.

The Jacky Perrenot Group, founded in 1945 and based in Saint-Donat-sur-l’Herbasse in the Drôme department, is the leading provider in the transport and logistics sector in France with a turnover of over one billion euros in 2022. The group operates mainly in the general cargo, container, logistics and door-to-door delivery segments and employs more than 10,000 people in 145 European branches. The Group has more than 6,000 trucks and has been actively involved in the energy transition since 2012. It offers its customers solutions for decarbonization. Thanks to this commitment, the Group now has the largest fleet of low-carbon vehicles on the market and thus makes a significant contribution to reducing CO2 emissions in the transport sector.

Jacky Perrenot has been pursuing an active expansion policy for several years – including at an international level, such as in Spain and Luxembourg. In the past three years, the transport service provider has made five acquisitions, including VIR in 2021, formerly one of Agediss’ biggest competitors in France.

Philippe Givone, CEO of the Jacky Perrenot Group: “By acquiring the shares of Agediss, the Jacky Perrenot Group will become the clear market leader in the field of 2-man handling on the domestic market. We are thus underpinning our strategy of becoming the leading B2C player in Europe and cooperating on the German market with the Otto Group, with whom we share common values.”

The takeover is subject to approval by the relevant antitrust authorities. The parties have agreed not to disclose the purchase price.

About Otto Group

Founded in Germany in 1949, today the Otto Group is a globally active retail and services group with around 41,000 employees in 30 major company groups primarily active in the economic regions of Germany, the rest of Europe, and the USA. Its business activities span the Platforms, Brand Concepts, Retailers, Services and Financial Services segments. In the 2022/23 financial year (to 28 February) the Otto Group generated revenues of 16.2 billion euros. With online revenues of approximately 12 billion euros, the Otto Group is one of the world’s largest online retailers. The Group’s particular strength is the broad market presence of its differentiated product assortments and service offers to diverse customer target groups in the world’s relevant economic regions. Numerous strategic partnerships and joint ventures provide the Otto Group with excellent opportunities to transfer know-how and leverage areas of synergy potential. Group companies demonstrate a high degree of corporate responsibility and willingness to collaborate with one another; at the same time this guarantees flexibility, customer proximity and optimal target-group appeal in their respective national markets.

About Jacky Perrenot

With a turnover of more than one billion euros in 2023, the Jacky Perrenot Group is the market leader in transport and logistics in France. The Group has been committed to the energy transition since 2012 and offers its customers concrete and controlled decarbonization solutions that today enable it to drive the largest fleet of low-carbon vehicles on the market.Founded in 1945 by Gaston Perrenot and managed by Jacky Perrenot in 1965, the family business based in the Drôme (26) is one of the largest French players in road freight transport. The group mainly carries out deliveries on behalf of major food and specialist retailers, but also for large industrial companies in the consumer goods sector. Since 2012, the Jacky Perrenot Group has recorded sustained growth of almost 25% per year, mainly due to numerous acquisitions that have enabled the company to diversify into various business areas, including home delivery.

Key facts
10,000 employees
145 branches in Europe
10,000 vehicle licenses
18 percent of vehicles with alternative drive systems

Further information: www.perrenot.eu

Media Contact:
Thomas Voigt
+49 40 6461 4010
thomas.voigt@ottogroup.com

Annette Siragusano
+49 40 6461 3982
annette.siragusano@ottogroup.com

HF Holding:
Véronique Rétaux
+33 6 30 07 93 35
vretaux@presse-cie.com

Jacky Perrenot:
Maxime Petiberghien
+33 7 61 93 72 15
maxime.petiberghien@perrenot.eu

SOURCE: Otto Group