Great purchases for XPO Logistics that buys Bridge Terminal Transport and Norbert Dentressangle



Logistic group American XPO Logistics, that it has 10,000 dependent, ago great purchases in house own and abroad buying the Bridge Terminal Transport (BTT) and Norbert Dentressangle (ND).

The first transaction, of the value of 100 million dollars, will be capacity to term second the forecasts in according to trimester of this year. American the BTT manages a net of road haulages based on a Network constituted from 28 terminals managed from the company in the USA, mainly in the part oriental of the country, and from 1.300 independent enterprises of road haulage. Bridge Transport Terminal has 250 dependent and in the year conclusosi 31st March it has recorded a turnover of 232,0 million dollars.

For the single development of own activities of road haulage and shipment/delivery on last mile XPO Logistics leans to a fleet of beyond 4.900 trucks rental.

"Our purchase of BTT - it has commented the president and managing director of XPO Logistics, Bradley Jacobs - will triple our ability to drayage until beyond two thousand independent operators. When we conclude the transaction we have about 6.200 independent operators in our Network in order to offer services to our customers in the fields intermodal, of the expediting and of the last mile. We will integrate BTT and rename the activities under our only total brand XPO Logistics".

Moreover XPO Logistics has signed with the French Norbert Dentressangle a definitive agreement that previews the acquisition by the group American of the majority of the actions of the European group and the launch of a public purchase offer on the residual capital. The two groups have specified that the value offered to the shareholders of Norbert Dentressangle for the totality of the actions is of 2,17 billion euros, on a totally diluted base of 9,9 million outstanding stocks, and that the value total of the transaction is pairs to about 3,24 billion euros, comprised a debit clearly of 1,08 billion euros.

With agreement XPO it has been engaged irrevocably to acquire the totality of the quotas stopped by Norbert Dentressangle and from its family in Norbert Dentressangle IT KNOWS, pairs to 67% of the outstanding stocks.

The French company, that it has registered office to Lyon, has 42,350 dependent. Al 31 Decembers 2014, Norbert Dentressangle has realized a turnover pro-forma anniversary of 5,1 billion euros (5,5 billion dollars). XPO has expressed intention the intention to full-time maintain the dependent number unchanged in France, for the minimal period of 18 months from the conclusion of the acquisition. The European Decision-Making Centers of Norbert Dentressangle will remain in France: to Lyon for the registered office, Malakoff (Hauts-de-Seine) for the Logistics and to Beausemblant (Drôme) for the Transport. Hervé Montjotin, Prime Minister of management of Norbert Dentressangle, will assume charge d CEO of the European activities of XPO Logistics and "President" of the group.

"Draft - Bradley Jacobs has commented - of a moment key for the XPO increase. The previewed acquisition of Norbert Dentressangle will place XPO between the first 10 world-wide groups in the logistics. The operation will afford us to triple our EBITDA rectified, carrying it to 545 million dollars, and to reach a turnover of about 8,5 billion dollars, after the conclusion of the public offer, achieving therefore with almost two years of advance payment the fixed objectives in our business plan. The acquisition of Norbert Dentressangle is an important jump forward, but we are still to the first phases of our plan of increase in the long term".

"Entering inXPO - Hervé Montjotin has explained - we integrate ourselves in a project of development in compliance with the ambition that has guided our action since the creation of Norbert Dentressangle, 36 years ago: to become a world-wide partner in a position to assisting our customers in the total management of the supply-chain, is on the local plan that to international level, in support of their development. Strong of their dynamism, the activities of Norbert Dentressangle become the platform of increase of new group XPO in Europe, to advantage of our customers and our collaborators. It is with pride that I will continue to assure of the responsibility with of the council of management of Norbert Dentressangle".