XPO acquiring French trucking co for $3.53B

XPO Logistics (NYSE:XPO) +10.3% AH after agreeing to acquire French trucking firm Norbert Dentressangle in a deal valued at $3.53B including debt, as it seeks to become one of the world’s largest providers of supply-chain services.

It is the largest-ever deal for XPO CEO Brad Jacobs, who has made a career building companies such as United Rentals and United Waste Systems through acquisitions.

XPO says the acquisition will increase its pro forma revenue to ~$8.5B, and EBITDA to $545M.

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