XPO Logistics, Inc. has completed the purchase of a 67% interest in Norbert Dentressangle SA, at a price of 217.50 euros per share, in accordance with the previously announced agreement between the two companies. XPO Logistics is now a top ten global provider of transportation and logistics services.
More than 52,000 employees are now flying the XPO Logistics flag, adept at helping customers with the efficient management of their supply chains on both a local and international scale.
Iconic red trucks, now proudly announcing #WEAREXPO, will begin transporting customers’ freight on European roads. XPO Logistics trucks will also debut at the Grand Départ of the Tour de France this July, continuing a long-standing partnership as the official logistics partner for this renowned sporting event.
Hervé Montjotin, Europe CEO and President of XPO Logistics and Chairman of the Management Board of Norbert Dentressangle SA, is delighted: “We are very pleased to confirm the closing of the transaction announced in April. Thanks to the speedy completion of this acquisition, we can begin our integration as part of XPO Logistics without delay and fully commit to an ambitious business development plan, supported by a broader service offering and an expanded capacity for innovation”.