Comment / M&A radar: Shopping in the US, Geodis shows what can be done

By Alessandro Pasetti

17/08/2022

Just a few days after Danish freight forwarder DSV promoted its M&A search in the US, France’s Geodis didn’t waste any time announcing the purchase of New Jersey-based Need It Now Delivers (NIND) for an undisclosed amount on Tuesday.

The deal is bolt-on but meaningful for a 3PL likely hitting €13bn in sales this year. For two reasons.

First off, it helps the French buyer bulk up its presence Stateside as far as contract logistics and last-mile delivery are concerned, which remain easier ...

Comment on this article

You must be logged in to post a comment.

Topics

Geodis M&A radar Need It Now Delivers private equity Takeover Talk

Most read news

US port strike called off as ILA and USMX reach 'tentative' agreement

$7bn infrastructure project heads list of expansion plans for India's busy ports

Alliance reshuffle will increase box ship shortage as carriers hunt 'buffers'

Three new services and a transpacific focus for Ocean Alliance in 2025

Evergreen staff bonuses soar again, as carrier profits triple

Shipping Australia calls for end to 'disruptive' port strikes

Launch of new tariffs 'a speeding train', be ready, US importers warned

Ripples from 2025 CNY 'may still be rocking the boats in summer'

Global revenues soar, but loss of steam for OOCL's Asia-Europe trade

'Military asset' listing sees Cosco and CCA barred from Pentagon contracts

DSV-Schenker goes lone wolf – the pack hunts for bolt-ons

Cosco to play a major role in China's container hub ambitions for Yangpu Port

Air cargo sees flurry of new routes between Europe and Asia

USEC dispute end comes too late to stop transpacific spot rate climb

Scant room for sustainable growth in aviation, says watchdog T&E

Maersk eyes growing India-US trade and adds Mundra call to MECL1