France logistics acquirer buys a China-based freight forwarding company
At the end of 2011 Groupe Norbert Dentressangle, a France-based logistics services company, has acquired APC Beijing International, a China-based freight forwarding company. The acquisition strengthens Norbert’s network in China and enhances Norbert’s service offering in airfreight forwarding. Getting access to the Chinese freight forwarding market is becoming more and more important due to the growth of this market.
Corporate Finance in Europe’s forwarding M&A team notices regular interest of European forwarding companies that want to buy forwarding companies in China. Also interest from US buyers exist to enter the Chinese market.
APC Beijing International is a shipping company with 270 employees which provides freight forwarding services and generates 50M Euro revenue. Norbert Dentressangle Group is a logistics services company based out of France. The company provides temperature logistics, cold storage logistics, domestic and international transport of full loads, international groupage, pallet-based distribution, and intermodal transportation services.
How do you see buying and selling in the global forwarding market develop?
Which forwarding buyers do you feel will do further acquisitions in the future?
dara | Wednesday 14 March 2018 | website: www.gogalogistics.com
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