Local listed YuuZoo Corporation (YuuZoo), along with the former management of Cinram Logistics France (CLF), established a new joint venture YuuLog Europe which acquired the business and assets of CLF.
CLF is thought to be the market leader in France in the entertainment sector logistics and distribution, serving a large network of big-brand customers such as Amazon, Sony Pictures, Universal Studios, Warner Brothers, 20th Century Fox, Zalando and ASOS.
YuuZoo said the assets include a business that is expected to generate more than $30 million in revenue in 2017.
Serving as a base for expansion into the rest of Europe, YuuZoo intends to extend its reach from France through resellers, franchisees and marketing partners. Now, customers from Asia can also enter the huge eCommerce European market.