Ryder Europe has purchased CV contract hire and fleet management specialist Euroway for an undisclosed sum. Euroway has a total fleet of 1,419 CVs, ranging from 3.5 tonners to tractor units, plus trailers. Daf is the dominant supplier to Euroway. In 2010, its combined divisions generated a combined turnover of about £22m and a pre-tax loss of circa £730,000. The acquisition means Ryder’s fleet totals nearly 25,000, comprising 10,514 trailers and 13,905 vehicles. David Hunt, vice president and MD of […]
Burnley-based EFS Global is back on the acquisition trail, snapping up freight forwarder AFI UK for an undisclosed sum. Mark Jones, EFS Global MD, said: “Our acquisition of AFI UK is another step forward in our expansion plans. “The business is a perfect fit and is a great addition to our group as we continue to focus on growing our reach and market share.” Read more EFS Global expands postcode coverage during Covid-19 pandemic EFS Global buys Caistor Distribution Palletways […]
Pall-Ex Group has completed the acquisition of the Fortec Distribution Network. Purchased by a new subsidiary company, For-Ex Distribution Network, it will remain trading as Fortec Distribution and operate as a separate network but be part of the overall Pall-Ex Group of companies.
Fraikin has created two new roles within the business to support its growth plans in the business’s 40th anniversary year.