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 […]
Abbey Logistics Group has acquired the majority of the assets and customer base relating to the bulk powder transport business of Seafield Logistics.
XPO Logistics (formerly Norbert Dentressangle) has extended the reach of Radius Systems’ supply chain to include daily distribution service to Ireland and Northern Ireland, after it signed a five year contract with the piping manufacturer earlier this year.