DX Group has acquired The Legal Post (Scotland) and First Post from First Scottish Group for £3.25m, in a move that consolidates the legal document exchange market in Scotland. Together, the two acquired businesses had a turnover of £5.2m for the year ending May 2015, generating a £600,000 profit. For the year-ending 30 June 2015 DX Group had a turnover of £297.5m and a pre-tax profit of £26.7m. Legal Post provides a document exchange and postal service in Scotland, delivering […]
Netherlands-based Agro Merchants Group has bought Motor Transport Award winner Grocontinental for an undisclosed sum.
UPS has pulled out of its multi-billion Euro bid to take over TNT Express, almost a year after it first entered into talks with the parcel firm. It hoped the merger would create a €45bn (£37.4bn) logistics giant, increasing the US firm’s presence in the European market. However on Friday (11 January), the European Commission (EC) told both parties that it planned to prohibit the merger. MT.co.uk looks at how the story developed over the year. The merger process began […]
A report for business owners providing vital insight into trends in mergers and acquisitions (M&A) in logistics over the next 12 months has been produced by Logistics UK.