DX Group’s multi-million pound takeover of Legal Post (Scotland) and First Post has been given the green light, after the UK competition authority closed its investigation into the deal. The Competition and Markets Authority (CMA) announced in July that it was reviewing DX’s £3.25m acquisition, which will increase the operator’s presence in Scotland and consolidate the legal document exchange market there. In September the competition authority lifted an enforcement order – effectively allowing integration of the business to resume. The […]
The deal that would have see DX Group acquire Menzies Distribution has been called off, and a new board of directors is set to be installed at DX under the guidance of its largest shareholder – Gatemore Capital Management.
The Identity and Passport Service (IPS) has renewed its passport delivery contract with DX Group. The firm will continue to provide secure delivery of UK passports, supporting documents and internal mail for the IPS, a contract it has held since 2004. Since the secure delivery contract began, the firm has reduced losses by 96% and investigation rates have fallen by 74%. It has also been recognised by the Home Office for helping it to save £3.2m in the 2011/12 financial […]