Ceva Logistics has agreed to acquire the European final-mile courier Paack's operating units in France, Spain and Portugal and fold them into Colis Privé, its European last-mile delivery business, according to FreightWaves. The announcement was overshadowed by parent company CMA CGM's plans to acquire FedEx Supply Chain and the appointment of a new Ceva Logistics CEO.
Acquisition Details
The transaction would enable Colis Privé to strengthen its domestic network in France, quickly expand into the Iberian Peninsula, and enhance its technology capabilities, as e-commerce continues to gain retail market share. Colis Privé also operates in Belgium and Luxembourg. Terms of the tentative transaction were not disclosed, according to FreightWaves. The takeover of Paack would require regulatory approval in France.
Complementary Networks and Technology
Paack has a well-developed delivery network, with 82 sites across the Iberian peninsula, including 21 hubs and cross-dock facilities, 61 partner distribution centers, and more than 5,000 active pickup and drop-off locations. In France, Paack's six urban delivery stations would integrate with Colis Privé's existing domestic distribution footprint, Ceva said in a news release.
Paack Iberia and Paack France share a business model built on proprietary technology and an integrated logistics infrastructure. Paack's technology platform helps manage the end-to-end delivery journey, including real-time tracking, precise time-slot management, advanced reporting, integrated returns management, and route optimization that minimizes delays, according to Ceva. Paack customers include German pet supply company Zooplus, Nespresso, and Spanish online flower marketplace Colvin.
Colis Privé has about 5,000 delivery drivers that provide home and local pickup and drop-off services for retailers. The integration of Paack would add nearly 490 employees.
Cold Chain Capabilities
Paack also offers cold chain parcel service for fresh, frozen, and perishable food, or any goods requiring temperature-controlled environments. It uses refrigerated vehicles and warehouses and continuously monitors shipment temperatures during transit.
Financial Impact
Paack Iberia generated revenue of 125 million euros (equivalent to $142.4 million) last year, while Paack France had $55.8 million in revenue. Paack also has a unit in Italy. Colis Privé's revenue would exceed $626.5 million with the addition of Paack, according to Ceva's news release.
| Entity | Revenue (2025) |
|---|---|
| Paack Iberia | €125M ($142.4M) |
| Paack France | $55.8M |
| Colis Privé post-acquisition | >$626.5M |
Industry Context
This is the latest example of consolidation in the European e-commerce logistics sector, as companies look to quickly expand geographical reach to meet retail demand. Last year, Poland-based InPost acquired Spanish courier and fulfillment provider Sending and Yodel, a delivery company in the United Kingdom. Before that, InPost took over Mondial Relay in France. In February, FedEx agreed to take a one-third stake in InPost. Meanwhile, DHL eCommerce in 2025 bought out APM Solutions, its parcel locker provider in Poland, and acquired Saudi Arabian courier Apex Logistics. Colis Privé in 2025 acquired MIPI, strengthening its coverage of major metropolitan areas in France and adding more than 300 delivery drivers.
Ceva Logistics CEO Yasmine Iamarene said, "With the acquisition of Paack, Colis Privé would take a decisive step forward in its European development. By strengthening our presence in key markets and integrating a leading technology platform, we would be giving ourselves the means to accelerate our growth and enhance our last-mile delivery offering."
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