Bedfords Group has returned to the acquisition trail with the purchase of RPL Transport. The Yorkshire operator told Motortransport.co.uk it bought the £4.5m turnover Milton Keynes business because it wanted a base further south, in order to strengthen its offering and “solidify its capabilities as a UK wide logistics company.” More acquistions are highly likely, it added. Bedfords MD Steff Pfadenhauer said: “With the purchase of RPL we can significantly increase our presence in the South. This will be key […]
BCA Marketplace has hit the acquisition trail once more, snapping up automotive services group Paragon Automotive for £105m.
The transport and logistics sector is set for a flurry of mergers and acquisitions this year, according to advisory firm KPMG, following a year of subdued activity in 2011. Steffen Wagner, European head of transport transactions at KPMG, says: “This year certainly took off to a promising start. Many companies, particularly in the logistics segment, are sitting on full coffers and are ready for increased strategic acquisitions.” He adds that any activity will rely on three main factors: GDP development […]
The administrator of Stanian Transport said the company has about 70 lorries participating in a legal claim for compensation from truck manufacturers involved in a price-fixing cartel.