European Transport Firm to Buy Jacobson Cos. for $750 Million
European transport and warehouse operator Norbert Dentressangle said it struck a $750 million cash deal to acquire Jacobson Cos., a Des Moines, Iowa-based logistics services provider.
The purchase by the Lyon, France-based firm is the latest in a series of high-profile acquisitions involving trucking and logistics firms. It could, according to some industry analysts, be a sign of things to come as European and Asian companies eye investing in North American transport companies.
Founded in 1968, Jacobson provides warehousing and distribution services, contract manufacturing, labor staffing and dedicated contract carriage services. The company ranks No. 24 on the Transport Topics Top 50 listing of the largest logistics companies.
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