GeoPost, the international express delivery subsidiary of Le Groupe La Poste, has announced that it has acquired 100% of Stuart Delivery Ltd.’s share capital. GeoPost was an early investor in Stuart, having acquired a 22% share in 2015.
Stuart adds the final piece in the delivery value chain formed by GeoPost subsidiaries Chronopost, DPD, SEUR and Pickup. Combined with its new sister companies, Stuart’s platform allows retailers and their customers a suite of the fastest delivery options performed by an environmentally friendly fleet. Indeed, 90% of Stuart’s deliveries in France are performed on foot, by bike or by electric vehicle. Strong corporate coordination will accelerate Stuart’s development and increase its synergies with GeoPost’s other subsidiaries.
Stuart will remain an independent brand and subsidiary in order to maximise its strengths, most notably a dynamic management team and vigorous commitment to technological innovation.