Norbert Dentressangle has been officially purchased by XPO Logistics. The deal to acquire 67% of the business from the Norbert family has gone through less than six weeks after an unsolicited €3.24bn (£2.3bn) bid was made by the US firm for the business. XPO will now launch a tender to acquire the remaining stock in Norbert Dentressangle at a price of €217.50 per share. This represents a 34% premium over the closing price of ordinary shares in the company on […]
Mergers and acquisitions (M&A) activity in the transport sector throughout the world is predicted to rise for the fourth consecutive year, according to a report from KPMG.
XPO Logistics has chalked up another contract win this year with a deal to distribute products on behalf of AKW Medi-Care – a manufacturer of adaptive fixtures for bathrooms and kitchens.
XPO Logistics has secured a new long-term reverse logistics contract with supermarket retailer Asda Walmart, after delivering a number of cost-cutting innovations.