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. […]
Private equity firm Palatine has bought a majority stake in contract hire and rental firm NRG Fleet Services.
Glasgow-based Monarch Transport is under new ownership after the completion of a management buyout (MBO) at the firm.
Norbert Dentressangle and Wrings Transport have been prosecuted for a second time after breaching a weight restriction in Bradford on Avon, Wiltshire.