Greenwich, Conn.—June 11, 2015—XPO Logistics, Inc. announced that it consummated the previously announced agreement to purchase all of the shares of Norbert Dentressangle SA held by Norbert Dentressangle and his family, representing 67 percent of the company's outstanding shares, at a price of 217.50 euros per share.
Bradley Jacobs, chairman and chief executive officer of XPO Logistics, said, "We're delighted to welcome the customers, employees and suppliers of Norbert Dentressangle to XPO. This combination is an important step in the continued execution of our growth strategy."
In Europe, the iconic red trucks formerly representing Norbert Dentressangle are being repainted to announce #WeAreXPO. XPO Logistics trucks will debut at the Grand Départ of the Tour de France in July, continuing a long-standing partnership as the official logistics partner of the Tour de France.
For further information, please visit www.xpo.com and www.norbert-dentressangle.com.