Stobart Group has said the integration of Autologic into its Eddie Stobart division has been “seamless” with all assets and key personnel retained.
Autologic was bought by Stobart in August, after an initial bid – valuing the company at £12.4m - was made for the company in June.
The acquisition adds £144.7m of annual turnover and £2.1m of pre-tax profit to Eddie Stobart’s £519.5m of turnover and £27.4m of pre-tax profit.
New deputy chief executive at Stobart Group, and former Autologic chief executive Avril Palmer-Baunack, said: "Autologic will continue to run as a standalone business within the transport and distribution division of Stobart Group and the day-to-day operations of Autologic will continue under the current management structure.
“The transition has been seamless as Autologic continues to run as a standalone division with all Autologic assets and personnel having been retained. A key aim of Stobart Group is to enhance Autologic's offering to the automotive marketplace and delivering synergy with regard to buying power and reducing costs is also a key objective.”
The acquisition has also seem Autologic’s divisions in Holland and Belgium brought into the Stobart Group fold.
Stobart Group will report interim results for financial year 2012/ 2013 on Thursday 25 October.
