This news article was originally written in Spanish. It has been automatically translated for your convenience. Reasonable efforts have been made to provide an accurate translation, however, no automated translation is perfect nor is it intended to replace a human translator. The original article in Spanish can be viewed at Norbert Dentressangle adquiere el 100% de las acciones de TDG
Norbert Dentressangle acquires 100% of the shares of TDG
01/12/2010
December 1, 2010
norbert dentressangle and fund investments, Douglas Bay Capital Plc, have announced the signing of an agreement by which Norbert Dentressangle acquires all shares of Laxey Logistics Ltd, a holding company which owns the society's transport and logistics group decision-making. The amount of the transaction, which includes all the share capital is EUR 235 million. The acquisition is subject to approval by the European authorities for the regulation of competition and should be completed on January 10, 2011.
This strategic operation is situated the billing Norbert Dentressangle proforma in 2010 in the 3.6 billion euros, 57% of whom come from outside of France, 33,000 employees, 58% of which are outside of France. This increase in size will further strengthen investments in strategic areas such as information, design and research and development systems.
Given the perfect fit with TDG, 53% of the business of Norbert Dentressangle will be road transport with 1,950 million euros of turnover and the largest fleet of Europe (with more than 8,000 heads tractors and 11,000 trailers); 44% of the business will be logistics with 1,600 million euros of turnover and almost 6.5 million square meters of storage capacity; and 3% will be 'freight forwarding' with a turnover of 100 million euros and the great achievement of reaching the critical mass only a year after being added to this third business.
