Eastleigh, Hampshire-based Lambert Brothers has been acquired by Kinaxia Logistics, an investment company that also acquired Snetterton, Norfolk-based Foulger Transport last month. Lambert Brothers, which is a Palletline member, follows in the footstep of Bay Freight, William Kirk (2013) and NC Cammack & Sons (2013), as well as Foulger Transport, in being acquired by Kinaxia. Clive Watkins, MD at Lambert Brothers,who will continue in his role, said the message following the deal was that it was “business as usual”. “Kinaxia […]
Palletforce and NFT Distribution owner EmergeVest has bought CM Downton for £75m.
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 […]
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 […]