Norbert Dentressangle to acquire TDG

The transaction, which is subject to the agreement of the European competition authorities and should be finalised around 10 January 2011, will be paid in cash from a combination of Norbert Dentressangle reserves and currently available credit lines.

TDG is a major European player in transport, logistics and freight forwarding, and in 2009 its revenue was £662m (€795m). Headquartered in Manchester, TDG makes 74% of its revenues in the UK, 12% in the Benelux countries, 8.5% in Spain, 4% in Ireland and 1.5% in Germany. The company also operates in Hungary.

TDG offers an integrated service which includes 1.2m sq ms of warehouses, 1,350 tractor units and 2,600 trailers. 2010 revenues are estimated at about £700m (€840m).