New upheaval in the world of road transport in France. In March, MoryGlobal had been put into liquidation. Tuesday, April 28, the US carrier XPO Logistics announced the acquisition of the Lyon Norbert Dentressangle.
“The total value of the transaction is approximately EUR 3.24 billion, including a net debt of 1.08 billion euros “, the two groups announced in a joint statement. And “the shareholder value of Norbert Dentressangle (for) all of the shares was 2.17 billion euros.”
The American will benefit from the presence the French in Britain
XPO Logistics will thus enter the European market where it was not present before. He will benefit from the strong presence of Norbert Denssentranglen in France, its largest market (64% of revenue in 2014 French), Great Britain (29% of sales) and Spain (12% of turnover).
With this acquisition XPO Logistics will also strengthen the US, 3rd contributing nation in turnover of Norbert Dentressangle, which has 662 sites and 42,350 employees. The French had also strengthened its presence in China by buying US Jacobson in August 2014.
According to Bradley Jacobs, XPO Logistics boss said in the statement, “acquisition Norbert Dentressangle will propel XPO the top 10 logistics groups in the world. “
” The decisions bellies remain in France “
In addition, XPO Logistics does not count everything upside down by this acquisition as “European decision Norbert Dentressangle centers will remain in France, in Lyon for the headquarters in Malakoff (Hauts-de-Seine) for Logistics and Beausemblant (Drôme) for Transport “.
And the French management team remains in place. The chief executive Norbert Dentressangle, Hervé Montjotin, and will lead the European operations of XPO Logistics.
The American has also committed to maintaining the number of full-time workers in France for at least 18 months.
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