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. The deal will also mark the end of one of the most prominent family names in European logistics with XPO intending to rebrand the acquired operations under a single global name: XPO Logistics. […]
FedEx has made an offer to acquire TNT Express, valuing the business at €4.4bn (£3.2bn), in a deal that both parties describe as having a high level of certainty.
While TDG may not have invented the term 4PL, it was certainly one of the leaders in making the concept work for its customer Corus Steel back in 2006. Since then TDG has been acquired by Norbert Dentressangle (ND) and Corus taken over by Tata Steel, and 4PL has been renamed KeyPL, but the business has gone from strength to strength, as Paul Hayes, director of KeyPL Transport at ND, explains to Steve Hobson
Norbert Dentressangle’s logistics business saw a 4% increase in turnover during the first half of this year, with growth in the division likely to continue in the second half.