SNCF main business of the SNCF Group, which in 2017 had €33.5 billion of sales in 120 countries. The SNCF Group employs more than 260,000 people. Since July 2013, the SNCF Group headquarters are located in a Parisian suburb at 2 Place aux Étoiles in Saint-Denis. The President of the SNCF Group is Guillaume Pepy. SNCF operates almost all of France's railway system, including the TGV ("Train à Grande Vitesse", meaning "High-speed train"). In the 1970s, the SNCF began the TGV high-speed train programme with the intention of creating the world's fastest railway network. It came to fruition in 1981, when
SNCF Logistics Geodis became the name of the corporate division of SNCF for all freight and logistics, both internal and international, including non-rail activities. In March 2009 the Geodis take-over of IBM's Global Logistics company first announced in December 2008 was finalised., additionally as part of the purchase deal of the logistics business Geodis became the sole logistics supplier for IBM with a multi-year contract. In September 2009 Veolia Cargo was acquired by SNCF and Eurotunnel, the business units acquired by SNCF were subsequently rebranded along with other international rail freight companies in the SNCF group in February 2010 as Captrain. In