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New corporate structure also serves ‘potential M&A that may come up’. May? Potential?
On 1 October 2012, Norbert Dentressangle completed the takeover of the freight forwarding operations from Sri Lankan conglomerate, John Keells Group. The operations employ 120 people and reported revenues of nearly $10 million (€8 million[1]) for 2011, with a network of six offices in India, covering the main coastal regions, plus another two in Sri Lanka.
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