DX Group has entered an agreement to sell its Business Direct operations to ByBox Field Services by 21 December, disposing of its overnight parts distribution service. DX said it will now use the profit from the sale of the division (terms of the acquisition have not been disclosed) to invest in its core B2B and B2C services. Petar Cvetkovic, CEO of DX, said: “Following the approach from ByBox, the sale presents an excellent opportunity for Business Direct to be owned […]
In April US 3PL XPO Logistics surprised the European logistics market with an unsolicited €3.24bn (£2.3bn) offer for French giant Norbert Dentressangle (ND).
Jersey Post has bought Portsmouth haulier Fraser Freight, after what the carrier described as one of its “most financially challenging years” to date.
Nightfreight has been acquired by DX Group in an undisclosed cash deal that creates a mail, courier and distribution business with a combined turnover of approximately £290m. As part of the acquisition former City Link MD Stuart Godman will join the combined managerial board as chief operating officer. His former Target Express and City Link colleague, DX chief executive Petar Cvetkovic, remains in his current role while Nightfreight chief executive Ian Smith becomes DX strategy director. Cvetkovic says the acquisition […]