CitySprint has purchased Birmingham-based Network Logistics UK, continuing its recent acquisition spree. Founded in 2004, Network Logistics UK was built up by current directors Craig Guthrie, David Costin and Paul Ryder. CitySprint has now acquired all of Network Logistics UK SameDay, Overnight and International Operations. Network Executive Chauffeurs, which was associated with Network Logistics UK will remain an independent company. Patrick Gallagher, chief executive of CitySprint, said: “This deal marks yet another important step forward in our growth strategy and […]
Eastleigh, Hampshire-based Lambert Brothers has been acquired by Kinaxia Logistics, an investment company that also acquired Snetterton, Norfolk-based Foulger Transport last month.
They told us it would happen: in April 2012, advisory firm KPMG predicted a flurry of mergers and acquisitions in the logistics and distribution sector during the year… and that’s exactly what we got. Top of the pile in terms of the most noteworthy was undoubtedly the UPS/TNT Express merger announced in March and set to create a £37bn turnover logistics giant. The takeover was described at the time by TNT Express chief executive Marie-Christine Lombard as a move that […]
Palletways bought Dalkeith for the second time this year, after it went into administration in August.