ArrowXL has been snapped up by the pan-European logistics and transport business Jacky Perrenot Group.
Under the terms of the deal the existing ArrowXL senior executive management team will remain, operating the business as usual with all operational investment plans continuing.
The acquisition is Jacky Perrenot’s first move into the UK; ArrowXL said it would enable customers to access other areas utilising its two-person delivery service, as well as its network of operations in over 170 sites in France, Spain, Portugal and Benelux.
It added that the deal meant it would be able to leverage the Jacky Perrenot Group’s expanding B2C expertise through JP HOME, its dedicated B2C brand.
Charlie Shiels, chief executive at ArrowXL, said: “I am delighted with this news and couldn’t have hoped for a better new owner that will bring future security for our people and our business.
“It is clear to us that the Jacky Perrenot Group shares similar values with ArrowXL with a strong commitment to sustainable development and to delivering the best service in the marketplace.
“They are a significant European company with huge ambitions and all parties are genuinely excited for the future.”
Mathew Deering, chairman at ArrowXL, said it had attracted a lot of interest from both UK and international buyers:
“There is no doubt that in Jacky Perrenot Group, we have found the right home for the business, with the resources and strategic focus to keep Arrow at the forefront of its industry for years to come,” he added.
Philippe Cuoc, chief executive of the Jacky Perrenot Group, said: “We welcome everyone at ArrowXL into our family and assure them of our intention to support the business with continued investment to further strengthen their industry leading status.
“We are excited to now own an established operation in the UK which is the largest and most vibrant e-commerce market in Europe which we believe will be of great benefit to our customers.
“We announced our ambitions two years ago to create an International Bulky B2C European solutions, and today, with ArrowXL, part of the JP group, we have a powerful combination that brings us closer to this target.”
