GXO Logistics Inc GXO has signed a partnership agreement with online lifestyle platform Zalando to manage the operations of a fulfillment center in Montereau-sur-le-Jard near Paris.
The distribution center will mean GXO create approximately 2,000 jobs in the mid-term.
The 140,000-square meter multi-tiered site will be fully automated and allow Zalando's consumers to access millions of items across their assortment.
The facility has air conditioning, break rooms, outdoor terraces, as well as a walkway for passage throughout, and a shuttle system.
"Zalando is our largest project in France to date – in terms of scale, automation, technology and job creation – and we are excited to support Zalando's growth," said Managing Director of France, GXO Rui Marques.
The building will be equipped with a rooftop photovoltaic array that will provide up to 50% of the site's electricity needs as well as energy-saving lighting, thermostats and timers.
Price Action: GXO shares traded lower by 0.44% at $61.24 on the last check Thursday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
