Kent operator DF Services has been acquired by investment firm HLD Group for an undisclosed sum. The car transporter company has been acquired by the business turnaround firm, which hopes to increase its turnover. Demis Ohandjanian, CEO of HLD Group and director at DF Services, said the fact that the operator ran its own vehicle workshop alongside a fleet of more than 50 vehicles helped in its decision to purchase the company. “Other providers of its size do not [have […]
Pall-Ex has purchased the pallet distribution business of Surrey-based member Cranleigh Freight Services.
They told us it would happen: in April 2012, advisory firm KPMG predicted a flurry of mergers and acquisitions in the logistics and distribution sector during the year… and that’s exactly what we got. Top of the pile in terms of the most noteworthy was undoubtedly the UPS/TNT Express merger announced in March and set to create a £37bn turnover logistics giant. The takeover was described at the time by TNT Express chief executive Marie-Christine Lombard as a move that […]
A focus on growth, rather than reducing cross-company costs, will be Abbey Logistics’ priority after its acquisition of Armet Logistics.