ND Group to acquire Daher Group’s freight forwarding activities

Integration of Daher Group’s freight forwarding activities strengthens the presence of ND Group in France, CEE and Russia
 
Norbert Dentressangle has agreed the acquisition of the freight forwarding activities of the Daher Group, consisting a network of eight agencies in France and three in Russia. The operations include a total of 287 employees and achieved a turnover of EUR 80 million in 2012. The operation should be completed during Q3, following approval by the French competition authorities.
 
In acquiring Daher’s freight forwarding activities, Norbert Dentressangle is further extending its global freight forwarding offering. Having launched the service in early 2010, the Group has now reached an initial level of consolidation with annual turnover close to EUR 220 million and will immediately improve profitability of its freight forwarding business.
 
“The acquisition of the Daher Group’s freight forwarding activities is a clear illustration of our on-going strategy to expand our freight forwarding business to reach our agreed target after just three years of trading. We are welcoming 287 professionals with recognised expertise in such sectors as chemicals, aviation, automotive and luxury goods. This gives us a significant, solid base in France, a key market in which we foresee a wide range of opportunities for commercial synergies with our Group’s transport and logistics activities,” explains Hervé Montjotin, CEO of Norbert Dentressangle.
 
With the additional network of eight Daher Group offices in France (Roissy, Le Havre, Strasbourg, Marseille, Lyon, Lille, Nantes and Toulouse) Norbert Dentressangle will immediately achieve a significant presence in France. In acquiring  a leading freight forwarding and customs clearance specialist, with 103 employees spread across Moscow, Ekaterinburg and Saint Petersburg, over 20 years experience and with a turnover of over EUR 15 million, Norbert Dentressangle is getting a well established  position in Russia, Daher’s portfolio in Russia initially focused on  industrial clients but has gradually diversified into the luxury goods sector, where teams have developed considerable expertise and specific service offerings.
 
“Along with our recent entry into Russia with the joint company with Danone in logistics, this also ensures that we are now well positioned to develop its business in Central and Eastern Europe which offer huge potential for growth,” the company announces.
 
Norbert Dentressangle is an international transport, logistics and freight forwarding company, with in 2012, EUR 3.9 billion turnover of which 59 percent outside France, 32,500 people and a
 
presence in 26 countries. Norbert Dentressangle develops high added value solutions in ist three sectors, across Europe, America and Asia.
 
www.norbert-dentressangle.com 

Quelle: LogEastics

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