Eddie Stobart Logistics – set to float on the Alternative Investment Market (AIM) next week 25 April – has conditionally agreed to acquire multi-channel retail logistics management group iForce for £45m. According to its admission document, the “acquisition will add a more focused e-commerce offering to Eddie Stobart’s existing business model”. In the financial year ending 3 July 2016, iForce Group generated a turnover of £56.3m and a pre-tax profit of £1.7m. This was up on a turnover of £50m […]
Jonen Shipping has moved from Palletline to Eddie Stobart owned TPN.
Eddie Stobart Logistics (ESL) has been saved from the threat of administration after shareholders voted to accept a takeover bid by private equity firm DBAY Advisors.
Up to 700 Co-operative Food drivers are set to hold a 48-hour strike in response to the retailer’s plan to transfer 87 drivers to Eddie Stobart Logistics.