Amazon, which ordered 329 tractors from Gaussin, also wants to acquire 20% of the French company founded in 1880 specializing in electric transport vehicles. Its shareholders meet on Tuesday, March 7th to discuss this DC entry.
Amazon plans to buy 20% of Gaussin. The shareholders of this French company specializing in the manufacture of electric vehicles for the transport of goods met on Tuesday, March 7th, in Hericourt (Haute-Saone) to agree or disagree with this entry into the capital.
The US e-commerce giant ordered 329 “Full Elec” electric tractors from Gaussin in January 2023. These machines will be used in Amazon’s US distribution and logistics centers. They will come from the French factory, although Gaussin plans to open a US manufacturing facility in 2023.
The company, with this large order, is taking advantage of new measures taken by the US government to ease the environmental transition. This includes financial incentives for electric trucks and stricter regulations on carbon dioxide emissions.
Amazon in DC?
In addition to acquiring 329 tractors, Amazon plans to enter the Gaussinian capital. For American society, logistics is a fundamental issue. Amazon operates giant warehouses and seeks to optimize its organization as much as possible to deliver in a few days, even a few hours.
These needs have been repeatedly denounced as detrimental to employee well-being. In any case, they explain the interest of the American giant in the products that Gaussin supplies.
The company commanded by Jeff Bezos will receive stock purchase orders (BSA) that will allow it to acquire up to 20% of the French company – at least if the shareholders agree.
Agreement With Paris Saint-Germain
Gaussin is still a family business today controlled by Christophe Gaussin, who represents the fifth generation in power since the company was founded in 1880. The company first specialized in metal structures, then switched to freight transport and became a leader in in industrial trailers in the year 1998.
However, by the turn of the century, Gaussin had all but disappeared, burdening its subsidiaries with difficulty. The company rebounded in 2008 as it embarked on innovation, high-tech vehicles and orders took off.