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Announced

Jacky Perrenot to acquire Agediss from Otto Group.

Synopsis

Jacky Perrenot, a transportation services provider, agreed to acquire Agediss, a furniture and large item delivery company, from Otto Group, a German retail company. Financial terms were not disclosed. "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," Philippe Givone, Jacky Perrenot CEO.

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