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 […]
Lloyd Dunn has been appointed CEO of DX Group, which has secured £24m from investors to get the business back on track.
Peak parcel volumes at Royal Mail Group were up 4% year-on-year, with the post and parcel giant handling 120 million in December alone.
City Link is launching two new cross-border packet delivery services as it continues with its plans to become a ‘one stop shop’ for customers.