Vehicle transporter Autologic’s shares have today been delisted from the Alternative Investment Market following its takeover by Stobart Group.
Stobart Group made its formal £12.4m offer for Autologic in June, having been in talks since May.
The ability of Autologic to use Stobart Rail infrastructure to reduce the level of empty running endemic to the car transporter sector, as well as the benefits of access to Stobart’s storage sites, were both cited as reasons why the deal made sense.
Stobart also believes there are also opportunities for Autologic to expand further into the European market.
