The operations include a total of 287 employees. The acquisition will be completed during the third quarter, following approval by the French competition authorities.
"The acquisition of the Daher Group's freight forwarding activities is a clear illustration of our ongoing strategy to expand our freight forwarding business to reach our agreed target after just three years of trading,” Hervé Montjotin, CEO of Norbert Dentressangle, said. “We are strengthening our network of offices in France and adding three in Russia. We are also welcoming 287 professionals with recognized 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 and logistics activities. It will also improve the profitability of our 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 have a significant presence in the country.
Norbert Dentressangle will now have 103 employees spread across Moscow, Yekaterinburg and Saint Petersburg. Daher's portfolio in Russia initially focused on industrial clients but has gradually diversified into the luxury goods sector.
This acquisition also positions Norbert Dentressangle to develop its business in Central and Eastern Europe, which offer great potential for growth.