Norbert Dentressangle has agreed to acquire the freight forwarding activities of the Daher Group, which has eight agencies in France and three in Russia.
The transaction is expected to be completed during the third quarter of 2013, following approval by the French competition authorities.
The Daher Group’s freight forwarding operations achieved a turnover of €80 million (about US$105.1 million) in 2012.
“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,” said Hervé Montjotin, CEO of Norbert Dentressangle, in a written statement.
“We are strengthening our network of offices in France and adding three in Russia,” Montjotin continued. “We are also welcoming 287 professionals with recognized expertise in such sectors as chemicals, aviation, automotive and luxury goods.”