Northumberland-based transport management software provider Mandata has acquired Returnloads.net as part of the company’s diversification plans.
Essex-based Returnloads.net is an online marketplace for hauliers and freight forwarders where members can promote subcontracting jobs and empty vehicle capacity.
Chris Rigg, chief executive of Mandata, said: “Returnloads.net’s focus on using digital solutions to benefit the road transport and logistics sector matched our own objectives perfectly.
“This acquisition will help us diversify and expand our offering, while continuing to give customers the tools they need to reduce costs, drive efficiencies and improve productivity.
The acquisition is partly funded by investment from private equity firm LDC.
Rigg said: “Since LDC’s investment, we have made significant progress on our growth plan.
“Innovation underpins our model, so it’s been invaluable to work with a partner that understands how to support technology businesses and has the financial firepower, sector knowledge and heritage in the North East we need to achieve our ambitions.”
Gareth Marshall, head of Newcastle LDC, added: “We have worked closely with Chris and the team to fund and support this acquisition.
"I’m confident Mandata is now even better positioned to help customers thrive as UK transport becomes increasingly digital.”
