Vehicle transporter Autologic’s shares have today been delisted from the Alternative Investment Market following its takeover by Stobart Group. Stobart Group made its formal £12.4m offer for Autologic in June, having been in talks since May. The ability of Autologic to use Stobart Rail infrastructure to reduce the level of empty running endemic to the car transporter sector, as well as the benefits of access to Stobart’s storage sites, were both cited as reasons why the deal made sense. Stobart […]
Stobart Group is to restructure is board of directors for the second time this year, with executive chairman Avril Palmer-Baunack to leave the company in May.
Following the themes of recent weeks the big winner in the Motor Transport tracker is Hargreaves Group – even if the performance of its transport group is slightly off target.
The Potter Group has officially begun marketing itself as a Palletline member, following its takeover of pallet network member House of James in May. Palletline now has a dedicated page with contact details on the Ripon-based multi-modal company’s website, after Potter received permission to join from the network’s executive early this year. Potter’s takeover of House of James created a £33m company, adding 100,000ft² of warehousing space, 35 vehicles and 55 trailers to its fleet. The House of James brand […]