Norbert Dentressangle Explained

Norbert Dentressangle SA
Type:Société anonyme
Foundation:1979
Founder:Norbert Dentressangle
Location City:Lyon[1]
Location Country:France
Key People:Hervé Montjotin
(CEO)
Norbert Dentressangle
(chairman)
Industry:Transport, logistics, freight forwarding
Fate:Purchased by XPO Logistics
Revenue:€4.03 billion (2013)[2]
Net Income:€142 million (2013)

Norbert Dentressangle (in French pronounced as /nɔʁbɛʁ dɑ̃tʁɛsɑ̃ɡl/) was a major European transport, logistics and freight forwarder.[3] It was founded in 1979, initially concentrating on cross channel transport between France and the United Kingdom.

In December 2007, Norbert Dentressangle doubled its size, and significantly strengthened its position in Europe, with the acquisition of Christian Salvesen, and in March 2011, it bought the British company TDG. The company reported proforma revenues of €3.8 billion for 2012.[2]

In July 2014, Norbert Dentressangle announced that it would be acquiring Jacobson Companies, a United States-based third-party logistics provider, for $750 million. Norbert Dentressangle operated from 500 sites in 20 European countries, and at one time employed 33,000 people.[4]

On 28 April 2015, the group XPO Logistics announced a $3.56 billion (3.24 billion euros) deal to acquire Norbert Dentressangle, including acquired debt.[5] The acquisition was completed on 8 June 2015, and the Dentressangle brand was phased out from June 2015.

Notes and References

  1. http://www.lyonmag.com/article/58699/norbert-dentressangle-fete-l-arrivee-de-son-siege-social-a-lyon Norbert-Dentressangle fête l’arrivée de son siège social à Lyon
  2. Web site: 2011 Annual Report . https://web.archive.org/web/20130218004200/http://www.norbert-dentressangle.com/content/download/12443/131081/version/12/file/RAPPORT+ND+2011+GB+INTERNET.pdf. 2013-02-18. 27 September 2012 . Norbert Dentressangle . PDF.
  3. Web site: Company Description: Norbert Dentressangle. businessweek.com. Bloomberg L.P.. https://web.archive.org/web/20150530060040/http://www.bloomberg.com/research/stocks/snapshot/snapshot.asp?ticker=GND:FP. 2015-05-30. 27 September 2012.
  4. Web site: Norbert Dentressangle - Our Values. https://web.archive.org/web/20150316073342/http://www.norbert-dentressangle.com/Group/Our-values. 2015-03-16.
  5. Web site: US logistics group XPO buying France's Dentressangle . Business Insider . 28 April 2014.