Norbert expects TDG deal by end of March

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Norbert Dentressangle expects its takeover of TDG to be finalised by the end of March. It says the business will be integrated in 2011 with no impact on profitability before 2012.

The company will continue developing its new freight forwarding business, for which it has set a medium-term revenue target of €250 million.

Dentressangle reported a 32 per cent rise in operating profit before goodwill (EBITA) to €106.3 million for 2010., Group sales were up 4.4 per cent to €2,839m. Transport operating profit totalled €44.1 million, up from €28.3m in 2009 while the Logistics business showed a 20 per cent rise in €63 million in 2010.

Chief executive François Bertreau said: “In 2010, Norbert Dentressangle regained momentum. All our transport and logistics activities reported growth in 2010, and the launch of our new freight forwarding business was a success. With the acquisition of Schneider Logistics freight forwarding activities, we are now present in North America and Asia.

“Our balance sheet was further strengthened during the year, enabling us to go forward serenely as we complete the acquisition of TDG. In 2011, the integration of TDG will mark a new step in our development, with the extension of our international footprint.”

* Norbert Dentressangle Transport Services has won a new three year contract with JCB, the construction equipment manufacturer.

Dentressangle makes evening collections of stock and VOR orders from JCB’s World Parts Centre in Uttoxeter. These are delivered through its the shared-user network overnight to guarantee dealers receive orders before they open at 7am the next day. The operation involves distribution to 100 JCB dealerships across the UK

Chris Buckler, general manager – operations at JCB Service, said: With the challenges that we are presented with in supporting comprehensive national distribution to our network of JCB Dealers, Norbert Dentressangle uses its extensive network very effectively to supply all of our dealerships right across the UK, from Aberdeen to Devon.”

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