Norbert Dentressangle buys into the US on the back of continued profit growth

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The week is awash with financial results. Today, Norbert Dentressangle announced that first half revenues rose 13.4% and profit jumped 19%, helped by its contract logistics business. Road freight was less stellar, but still relatively strong. But perhaps more interesting was the company’s announcement that it is to move further into the US market with the acquisition of Jacobsen, a warehousing and 3PL  provider, with domestic transport management. Costin $750m, some players have expressed surprise as Norbert had originally stated its focus was on buying freight forwarding businesses. You can read Norbert’s press releases on the acquisition here, or on its results here. Or read on for Transport Intelligence’s take on today’s news.