Norbert Dentressangle has acquired Daher Group’s freight forwarding activities, which achieved a turnover of €80 million (£69.6 million) in 2012.
The deal is set to be complete during the third quarter of this year, following approval by the French competition authorities.
Norbert will take on 287 of Daher’s employees and eight of the company’s offices in France, as well as three in Russia.
Norbert hopes the deal will strengthen its links with respected clients in the aviation, automotive, chemical and luxury goods sectors, who already work with Daher.
“This acquisition 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, said Hervé Montjotin, chief executive officer of Norbert Dentressangle.
“It 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. It will also improve the profitability of our freight forwarding business.”
