Analysts have given a mixed response to a recent media report claiming US retail giant Home Depot had held internal talks about a potential bid to acquire XPO Logistics. The report, by US news website Recode, said an unnamed source “close to Home Depot’s strategy” had claimed the retail giant is considering a bid for the $9bn logistics company in order to prevent Amazon buying the logistics giant. XPO Logistics saw its share price soar following the report. Both companies […]
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.
XPO Logistics has seen off competitors to clinch a deal with fashion brand Ted Baker to manage its new pan-European DC.
XPO Logistics has renewed its warehousing and distribution contract with fire safety equipment manufacturer Kidde Safety for a further two years.