Geodis to Acquire Cool Jet

Calberson, a division of French logistics group Geodis, will acquire Cool Jet, a provider of distribution services in France.

Calberson signed a framework agreement for the purchase. Transfer of activities will take place Oct. 1, subject to approval of competition authorities and labor groups. Included in the acquisition is full control of Prisme, a dedicated platform for the distribution of cultural products in bookstores throughout France, in which Cool Jet had a 50 percent stake. Financial details of the transaction were not disclosed.

“This acquisition contributes to a dynamic of growth that we want to maintain in each of the Geodis divisions. In particular it strengthens our leadership position in France and will accelerate the development of our European groupage activities,” said Jean-Louis Demeulenaere, deputy chief executive officer of Geodis.

Contact Thomas L. Gallagher at tgallagher@joc.com.