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DUBLIN, Dec 31 (WorldACD)－Syncreon, the Irish transport and logistics company formerly known as Walsh Western International, has bought US firm NAL Worldwide Holdings for an estimated US$35 million, the Irish Times reported.
The acquisition of NAL will give Syncreon combined yearly revenues of $725 million, according to the company’s president and chief executive Brian Enright. NAL, which is based in Illinois, had revenues of $75 million in 2009.
Syncreon was financing the purchase from cash on the company’s balance sheet, said Enright, who declined to disclose the group’s profitability after the deal. Part of the purchase price relates to a two-year earn-out agreement under which NAL must meet certain performance targets.
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