Why China's port giants are sitting out the big M&A cycle
Avoiding the post-mortem
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 ...
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