GeoPost becomes majority shareholder of Tigers Ltd. (Hong Kong)
Global express parcel specialist GeoPost (France) is entering the freight forwarding and logistics market
Tigers Ltd. announces that GeoPost had increased their shareholding in the company from 2% to 63.75% through the purchase of Solis Capital’s shares. In 2011 GeoPost acquired 2% of Tigers‘ share capital along with an option to acquire at least 51% at the end of June 2014. However, a number of circumstances led Solis to offer it’s shares to GeoPost last month.
“This is a positive and exciting development for the Tigers organisation and a strategic move on the part of GeoPost who now enter the forwarding and logistics market.” said Andrew Jillings, Tigers Group CEO. The GeoPost group own several prominent express organisations like DPD in Europe and Seur in Spain.
In the last 12 months Tigers has formed strong alliances with DPD in several countries. In Holland Tigers work closely with DPD who provide European B2C services for several key customers out of the Tigers logistics hubs in Holland, the UK and Germany. Tigers also work closely with DPD in Russia and Kazakhstan where DPD represent Tigers. In Spain, Seur, the market leaders in B2C distribution also work closely with Tigers on their international business.
Tigers is a USD 600 million company headquartered in Hong Kong specializing in supply chain solutions world-wide. These include transportation and value added logistics enabled by leading edge. Tigers operate facilities throughout the United States, Europe, China and Australia.
www.geopostgroup.com www.go2tigers.com