Transport and logistics group Norbert Dentressangle (ND) has completed the acquisition of the ambient and temperature-controlled warehousing and general cargo freight forwarding activities of Belgian logistics company Nova Natie.
According to ND, the activities that they have acquired generated a full-year turnover of €40m in 2011, with operations consisting of 250 employees and 120,000m² of warehousing space.
Some 95 per cent of Nova Natie’s business is carried out from the Port of Antwerp in Belgium, with the remainder at Schipol Airport in the Netherlands.
'With a strategic location in the Port of Antwerp, the acquisition significantly strengthens Norbert Dentressangle’s logistics business in Belgium,' the group said in a statement.
As a result of the acquisition, the company now employs more than 1,000 people, operates around 230,000m² of warehousing and a fleet of 200 vehicles, and expects the Belgian operation to generate annual revenues of almost €120m.
