Last year Acumen Logistics Group gate-crashed the MT Top 100 for the first time, scant reward for a phenomenal performance over the past few years that has seen the company rise from an £8.2m turnover in 2009 to £20m in 2012. While this rate of growth has not all been organic, it has certainly been through hard work. Acumen was founded in 2004 by chairman John Hodges, when he merged one of Autologic’s vehicle parts distribution subsidiaries with his existing […]
Trading in shares in Autologic will be suspended on 9 August as Stobart Holdings, a wholly-owned subsidiary of Stobart Group, completes its acquisition of the firm. On 18 June Stobart made an offer of £12.4m- the equivalent of 20p per share – for the automotive logistics firm. Both parties had been in talks since 24 May. Stobart said at the time it wished to acquire Autologic as it could enter the automotive logistics sector in a market-leading position. It is […]
The RHA has welcomed the DfT’s decision to relax cabotage rules for car transporter firms during the new number-plate peaks in March and September, but warned that it should not be extended to other sectors.
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 […]