CitySprint has snapped-up two more courier firms as it continues its strategy of growing through acquisition. It has acquired Hertfordshire-based group Letchworth Couriers, which the firm claims is its biggest deal since acquiring Lewis Day in 2011. It did not comment on the value of the deal. The group incorporates three firms; Letchworth Couriers, Peterborough City Couriers and Ketts Couriers, taking the total number of CitySprint depots across the UK to 39. All operations and staff have transferred over to […]
FedEx has made an offer to acquire TNT Express, valuing the business at €4.4bn (£3.2bn), in a deal that both parties describe as having a high level of certainty.
TVS Supply Chain Solutions has acquired same day courier and technology company Rico Logistics for an undisclosed sum. TVS, which specialises in supplying spare parts to the automotive industry – including Isuzu Truck, MG Motor and Dennis Eagle – has an annual global turnover of six billion dollars and has acquired Rico Group as part of its European expansion plan. It has acquired the majority shareholding of Rico Group, whose services include a same day courier service throughout the UK […]
In April US 3PL XPO Logistics surprised the European logistics market with an unsolicited €3.24bn (£2.3bn) offer for French giant Norbert Dentressangle (ND).