newstodate.aero
Nov 16, 2006 (newstodate): The future of TNT Freight Management has now been decided.
The buyer is the French logistics service provider Geodis in a transaction that has an enterprise value of 460 million, cash and debt free.
Jeff Hoogesteger will remain CEO of TNT Freight Management from headquarters maintained in the Netherlands.
TNT bought the Swedish Wilson Logistics in 2004, naming it TNT Freight Management, as its first major step into global freight forwarding under a strategy that was since revised to focus instead on mail and express network businesses.
The buyer is the French logistics service provider Geodis in a transaction that has an enterprise value of 460 million, cash and debt free.
Jeff Hoogesteger will remain CEO of TNT Freight Management from headquarters maintained in the Netherlands.
TNT bought the Swedish Wilson Logistics in 2004, naming it TNT Freight Management, as its first major step into global freight forwarding under a strategy that was since revised to focus instead on mail and express network businesses.