Sernam SA (Placed in receivership February 2012)
Immeuble les Corvettes
142-176 avenue de Stalingrad
Tel: +33 1 46 52 90 00
Fax: +33 1 46 52 90 01
February - The Commercial Court of Nanterre had put Sernam Services Company into receivership with an observation period fixed at 6 months.
The receivership, at the request of Sernam, enabled the company to carry on its activities in a secure legal framework. Sernam continued to transport and to deliver its customers' shipments in France and in Europe with the usual service quality.
Sernam's future now lay on industrial backing. Since November 2011, the company and its shareholder, Butler Capital Partners (BCP), had been looking for potential buyers. The management of Sernam had informed its customers that "several potential buyers, French and foreign ones, are interested in taking over Sernam. With two of them, negotiations are already in an advanced stage".
Despite an unfavourable economic environment, Sernam had major advantages. With more than 13,000 customers, Sernam had shown again in 2011 its ability to innovate. It pursued its business development strategy by acquiring new major customers, particularly in the fields of e-commerce, health and ensured its international development.
Sernam is a European multi-product, multi-mode transport and logistics operator. It is the French leader in long distance industrial express services.
The Euro Express network, for which Sernam is the French partner, enables the company to deliver in 16 European Union countries. Its partnerships with SetCargo permits it to operate in a further 150 countries throughout the world.
Sernam uses a multimodal network of four express freight trains and a fleet of around 1,200 trucks to transport shipments overnight for next-day delivery through its 55 local branches.
Sernam was founded in 1970 as the SNCF parcels division. It was originally owned by SNCF 85% and Geodis 15%. Following a Management Buyout the company is owned by Managing Director Philippe Chevalier.