Autologic says its acquisition of the assets of Sensible Transport will add £6m a year to its revenue, but warns that automotive customers remain “focused strongly on price”. For the year ending 31 December 2011, Autologic saw its UK revenue rise 4% to £114.5m (2010: £110.6m) but operating profit in its UK arm fell from £3.2m a year ago to £3.1m. It says that contract pricing in the automotive sector remains competitive, with customers focused strongly on price. The company […]
Volkswagen has taken another step to integrate its MAN and Scania truck brands, creating a new holding company devoted solely to commercial vehicles.
Autologic has made its third asset acquisition from failed car transporter hauliers in as many years. Through its subsidiary Walon it has acquired certain assets of Spirit Motortransport, which entered administration on Friday 11 May. Autologic says the assets acquired comprise car transporters, IT and office equipment and the goodwill attached to the Spirit name. Avril Palmer-Baunack, chief executive of Autologic, says: “We have taken the opportunity to acquire further key assets that strengthen our operational transporter fleet, which is […]