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Norbert Dentressangle moves into India and Sri Lanka

[ July 5, 2012   //   ]

Norbert Dentressangle is to take over the freight forwarding operations of Sri Lankan and Indian-based conglomerate, John Keells Group, following a share purchase agreement signed on 4 July. The transaction is due to be finalised at the end of August.

The freight forwarding operations employ 120 people and had reported revenues of nearly $10 million (€8 million) in 2011, with a network of six offices in India, covering the main coastal regions, plus another two in Sri Lanka.

The acquisition gives Norbert Dentressangle a foothold in the fast-growing Indian and Sri Lankan markets. “After the acquisition of APC Beijing International in China at the end of 2011, the acquisition of a reliable, recognised major Indian and Sri Lankan freight forwarding player means the Asian continent is now well served by the Group’s operations,” it said in a statement.

The acquisitiion brings Norbert Dentressangle’s freight forwarding network to 50 offices and 600 employees operating in 12 countries on three continents.

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