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

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 ...