XPO Logistics has begun raising $3.26bn (£2.1bn) to finance its takeover of Norbert Dentressangle and for other, as yet unspecified acquisitions. The US firm, which last month indicated that its €3.2bn (£2.3bn) acquisition of the French transport and logistics giant could be just the first in a series of takeovers of European companies, has secured an investment by a group of global institutional investors that will raise $1.26bn; and has also announced the issue of $2bn of corporate bonds. XPO […]
The head of Norbert Dentressangle’s (ND) UK logistics believes 2012 will see the operation cement its number one spot in ND’s overall international operations as the business shifts into another gear following the integration of TDG. In ND’s latest results, the UK outperformed all other countries to become its logisitic division’s key revenue contributor in 2011, generating 41% of the total. ND Logistics UK MD Malcolm Wilson tells MT.co.uk: “We’re in a great place; the business has a renewed scale […]
Ivybridge, Devon-based Kay Transport has bought King Stag (Transport).
Norbert Dentressangle (ND) has announced an extension to its warehousing and distribution contract with hygiene products manufacturer Kimberly-Clark Professional for a further three years.