News

Norbert Dentressangle Group has posted an 83% increase in revenue for the first half of the year, boosted by the acquisition of Christian Salvesen. The company, which made the £254m purchase in December 2007, says revenue rose to €1.6bn (£1.26bn). Excluding the acquisition, group revenue was up 7.4%, and the company is aiming for full-year organic revenue growth of 6 to 8%

A statement from ND says: "The group's performance  once again reflects the strength of its positioning on the European transport and logistics market and the successful integration of Christian Salvesen."

Last week, ND appointed François Bertreau chief executive, to oversee the integration of Salvesen.

Bertreau who joined the ND group in 1998 as director of logistics, and has been a member of ND Group's executive board since 2002, replaced Jean-Claude Michel, chief executive since 1998. He says he is confident the group can reach its targets, "despite a more challenging market".

ND has also revealed it is holding consultations with staff over plans to close three depots, which puts 150 jobs on the line.

An ND spokesman says that the proposed closures of the Pontypool, Torfaen Southampton, Hampshire and Bovey Tracey depots are due to a need to streamline its network in the face of the current economic downturn.