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 […]
The FTA has bought specialist training provider T Team, which trades as TrainingTeam.
Norbert Dentressangle (ND) has revealed a first-half consolidated revenue increase of 13.3% to €1.9bn (up from €1.7bn in the same period last year) despite struggling with volumes. Like-for-like growth remained flat, dipping by 0.2% compared with H1 2011, which ND attributes to a sharply deteriorating European economy during the second quarter. ND’s transport division took a 1.3% hit on a like-for-like basis (consolidated revenue is up 7.7% to €1bn), which the company says is due to a sluggish economy, with […]
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.