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 […]
BCA Marketplace, which owns WeBuyAnyCar.com, paid £16m in cash for Eddie Stobart’s automotive logistics business when it purchased it earlier this year.
Stobart Group says its transport and distribution division Eddie Stobart has experienced “mixed fortunes” since March. In the past four months Eddie Stobart says its ambient transport and warehousing operations have been performing well and is “witnessing more new business opportunities than in previous years”. However, it warns that the restructure of its chilled operations, whilst progressing, has resulted in some further costs. In the past six months its chilled operations, with the closure of its Corby and Alcester distribution […]