Executive Briefings

XPO Logistics to Acquire Norbert Dentressangle

XPO Logistics has agreed to acquire a majority stake in Norbert Dentressangle SA, a provider of contract logistics services with headquarters in Lyon, France.

The company has 662 locations and more than 42,000 customers. XPO said the deal will more than triple its earnings run rate to approximately $545m, and increase its revenue to around $8.5bn. The two companies offer complementary services and coverage areas, XPO said, adding that the acquisition will allow for widespread cross-selling to an established base of multinational companies. In addition, XPO gains access to a fleet of 7,799 owned trucks, 3,200 trucks contracted through owner-operators, and an additional 12,000 independent carriers. The transaction is valued at $3.53bn and is expected to close in the second quarter of 2015. XPO's services include contract logistics, freight brokerage and global forwarding.

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The company has 662 locations and more than 42,000 customers. XPO said the deal will more than triple its earnings run rate to approximately $545m, and increase its revenue to around $8.5bn. The two companies offer complementary services and coverage areas, XPO said, adding that the acquisition will allow for widespread cross-selling to an established base of multinational companies. In addition, XPO gains access to a fleet of 7,799 owned trucks, 3,200 trucks contracted through owner-operators, and an additional 12,000 independent carriers. The transaction is valued at $3.53bn and is expected to close in the second quarter of 2015. XPO's services include contract logistics, freight brokerage and global forwarding.

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