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 […]
Eddie Stobart Logistics (ESL) achieved a major milestone in 2018 as it spent big on transforming itself into an end-to-end transport supplier with turnover, profit and debt surging as a consequence.
John Hawksworth, previously with Premier Logistics, Birds Transport and AM Widdowson, has joined Eddie Stobart Logistics as general manager of its retail division.
Jonen Shipping has moved from Palletline to Eddie Stobart owned TPN.