Norbert Dentressangle to acquire DaherGroup's freight forwarding activities
* In line with the Group's Freight Forwarding growth strategy, launched from
scratch in 2010 and now achieving an annual turnover close to €220m.
* Enabling the French operations, at the centre of the Group network, to
achieve critical mass in the market. Acquiring a profitable business and
the recognised expertise of an international team who currently provide
freight forwarding services to a wide range of industrial clients and are
rapidly gaining expertise in the chemical and luxury goods sectors
* Further strengthening our presence in Russia, and ideally located to serve
the Central and Eastern European markets
* The operation is subject to approval by the French competition authorities
Norbert Dentressangle has agreed the acquisition of the freight forwarding
activities of the Daher Group, well-known for its international freight
forwarding expertise and with a network of eight agencies in France and three
in Russia. The operations include a total of 287 employees and achieved a
turnover of €80m in 2012. The operation should be completed during Q3,
following approval by the French competition authorities.
Hervé Montjotin, Chief Executive Officer of Norbert Dentressangle, said: "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
strengthening our network of offices in France and addingthree in Russia. We
are also 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
andlogistics activities.It will also improve the profitability of our freight
forwarding business"
Reaching a critical size in the freight forwarding market with strengthened
presencein France
In acquiring Daher' freight forwarding activities, Norbert Dentressangle is
further adding to its global freight forwarding offering. Having only launched
the service in early 2010, the Group has now reached an initial level of
consolidation with annual turnover close to €220m and will immediately improve
profitability of its freight forwarding business.
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.
An impressive, mainly industrialclient portfolio that has gradually moved into
the luxury goods market.
By taking over Daher'freight forwarding activities, Norbert Dentressangle will
be strengthening its links with respected clients in the aviation, automotive,
chemical and luxury goods sectors, all of whom recognise and expect the
experience and expertise offered by Daher'skilled workforce.
Solid experience in Russia, enhanced by a long-established presence
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 €15m, Norbert
Dentressangle is acquiring an excellent and well established position in
Russia, Daher'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 Norbert Dentressangle is now well positioned to
develop its business in Central and Eastern Europe which offer huge potential
for growth.
About Norbert Dentressangle:
Norbert Dentressangle is an international transport, logistics and freight
forwarding company, with in 2012, €3.9 billion turnover of which 59% outside
France, 32,500 people and a presence in 26 countries. Norbert Dentressangle
develops high added value solutions in its three sectors, across Europe,
America and Asia, and places sustainable development at the heart of all its
activities. Norbert Dentressangle, which is listed on the CAC Small & CAC All
Tradable, is headed by Hervé Montjotin.
NYSE Euronext Paris (Category B) / NYSE Euronext London, GND, Code: ISIN
FR0000052870
www.norbert-dentressangle.com
Contacts:
Norbert Dentressangle
Communication Senior Vice-President
Thierry LEDUC - Tel.: +33 4 72 83 66 00
Email: thierry.leduc@norbert-dentressangle.com
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