XPO Logistics Acquires Norbert Dentressangle
GREENWICH, Conn. – June 8, 2015 – XPO Logistics, Inc. (NYSE: XPO) (“XPO”) today announced that it has consummated the previously announced agreement to purchase all of the shares of Norbert Dentressangle SA held by Mr. Norbert Dentressangle and his family, representing 67% of the company’s outstanding shares, at a price of 217.50 euros per share.
Bradley Jacobs, chairman and chief executive officer of XPO Logistics, said, “We’re delighted to welcome the customers, employees and suppliers of Norbert Dentressangle to XPO. This combination is an important step in the continued execution of our growth strategy.”
Begins Rebranding as XPO Logistics
In Europe, the iconic red trucks formerly representing Norbert Dentressangle are being repainted to announce #WeAreXPO. XPO Logistics trucks will debut at the Grand Départ of the Tour de France in July, continuing a long-standing partnership as the official logistics partner of the Tour de France.
About XPO Logistics, Inc.
XPO Logistics, Inc. (NYSE: XPO) is a top ten global provider of cutting-edge supply chain solutions to the most successful companies in the world. The company provides high-value-added services for surface transportation, including freight brokerage, intermodal, last mile and expedite; highly engineered contract logistics; warehousing and distribution; and global forwarding by ground, air and sea. XPO serves more than 30,000 customers with a highly integrated network of over 52,350 employees and 863 locations in 27 countries.
XPO’s corporate headquarters is in Greenwich, Conn., USA, and its European headquarters is in Lyon, France. On June 8, 2015, XPO acquired 67% of the outstanding shares of Norbert Dentressangle SA. The remaining stock is traded as GND on Euronext Paris / Euronext London – Isin FR0000052870.