Connect Group has completed its takeover of Tuffnells Parcels Express, with the deal first revealed last month. Tuffnells, known for its Big Green Parcel Machine brand, has been acquired for an initial consideration of £113.4m, according to a statement released to the City earlier. Subject to performance targets being met and continuing employment for up to three years, a further payment of as much as £15.3m will be made to “Tuffnell management and option sellers”, Connect added. Mark Cashmore, group […]
Connect Group has continued to enjoy growth in the first half of its trading year driven by its acquisition of Tuffnells Parcel Express in 2014.
Royal Mail has warned that revenue in its UK parcels business was lower than it anticipated in the last three months due to competition in the market for deliveries.
MT Top 100 company RT Keedwell Group has bought RJ Jones Group in a deal that supports the firm’s existing customer base, while opening the door for new clients.