MT Top 100 company Yusen Logistics UK has snapped up e-commerce delivery and fulfilment firm ILG, in a move it claims will catapult it into the top ten of UK logistics providers.
The deal, completed on 1 August, could deliver a 12% revenue boost to Yusen Logistics, which ranked 21 in the MT Top 100 last year with an annual turnover of £231.1m.
Set up in 1990, ILG provides warehousing, fulfilment and delivery, with additional expertise in the fashion and beauty sectors.
Today, ILG has more than 175,000ft² of warehousing, with over 220 employees serving more than 700 clients worldwide.
Yusen Logistics described its move as “a direct response to changing market behaviour”. It did not disclose a value for the deal.
It provides end-to-end international supply chain services, which will now give ILG and its customers additional expertise in customs brokerage, cross-border logistics, and access to a further 82 locations with 7 million ft² of warehousing across Europe.
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Andy Fitt, MD of Yusen Logistics UK (pictured right), said: “This acquisition reinforces our commitment to continued investment in the UK and we’re delighted to be joining forces with ILG.
“Our businesses complement each other perfectly and together we bring a new and compelling proposition to the market.”
ILG MD, Mike Stephenson (pictured left), said: “Partnering with Yusen Logistics represents a huge opportunity for our customers and our people.”
No changes to the current ILG management team are expected, and it is very much ‘business as usual’ for all ILG customers.
