XPO Logistics’ takeover of Norbet Dentressangle ‘a golden opportunity’


 

In April US 3PL XPO Logistics surprised the European logistics market with an unsolicited €3.24bn (£2.3bn) offer for French giant Norbert Dentressangle (ND). With the deal, in essence, completed last week ND chief executive Hervé Montjotin, now chief executive of XPO’s European business, told MT that the offer was a “golden opportunity”. While ND in the UK is a €1.3bn concern, the combined ND and XPO – which will trade solely as XPO Logistics – will have 52,350 employees at […]