Norbert Dentressangle has reported an “encouraging” increase in revenue for the first nine months of 2013 for its Logistics divison, while its Transport business returned to growth in the third quarter after seeing a fall in income for the previous six months. Group revenues rose 2% to €2.96bn (£2.5bn) in the first nine months of this year, with Transport seeing sales fall “a modest” 2.0% to €1.5bn and Logistics rising 7.3% to €1.4bn, partly helped by continuing expansion of its activities outside France. On […]
The acquisition of Christian Salvesen in 2007 was a watershed moment for Norbert Dentressangle. Not only did it nearly double its turnover over night (from €1.8bn in 2007 to €3.1bn in 2008) it was the catalyst for a major international acquisition spree that has seen it expand its interests into Spain, Italy, Portugal, Russia and the USA. This boom also saw it buy TDG, and its annualised turnover of £700m.
More than 600 Comet staff at 12 UK locations have lost their jobs after the joint administrators axed most of its home delivery operation. The collapse of the high street retailer has so far resulted in almost 900 redundancies while Deloitte continues to search for a buyer for all or parts of the business. The 603 workers of the home delivery division are based at 12 hub locations across the country, including 66 at Skelmersdale, 62 at Coatbridge and 59 […]
Norbert Dentressangle is to be acquired by US 3PL XPO Logistics for €3.24bn (£2.3bn) – in a deal that values ND at €2.17bn and incorporates €1.08bn of net debt – creating what both parties claim to be one of the top 10 logistics firms in the world.