News / XPO Logistics swoops in $3.5bn takeover of ND – famous red brand will disappear

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Fast-growing US-based freight service provider XPO Logistics has revealed it has agreed terms to buy Norbert Dentressangle, one of Europe’s largest privately owned haulage and logistics companies for $3.53bn.

XPO Logistics chief executive Bradley Jacobs told The Loadstar this morning the deal had “catapulted” XPO into the premier league of global logistics, bringing a huge footprint in Europe, where it had previously only had a marginal presence, and significantly increasing its contract logistics business and doubling its freight forwarding revenues.

It also ...