Meachers Global Logistics has bought the business trade of Southampton-based freight forwarder Kepair and Sea. The acquisition, which will take effect on 30 April, forms part of Meachers Global’s strategy to expand its freight forwarding capacity and bolster key markets. For the financial year-ending 31 May 2018, Meachers reported a turnover of £26.2m, with around half coming from freight forwarding activities, a spokeswoman told motortransport.co.uk. “We are delighted to be making the business trade acquisition of Kepair” said Gary Whittle, commercial […]
Commercial vehicle rental company Fraikin has made its biggest annual purchase of rental vehicles in a decade, with a three-phase order plan worth £13m for 2015 already underway.
Trading in shares in Autologic will be suspended on 9 August as Stobart Holdings, a wholly-owned subsidiary of Stobart Group, completes its acquisition of the firm. On 18 June Stobart made an offer of £12.4m- the equivalent of 20p per share – for the automotive logistics firm. Both parties had been in talks since 24 May. Stobart said at the time it wished to acquire Autologic as it could enter the automotive logistics sector in a market-leading position. It is […]
Woodland Logistics has purchased Courier Elite, based in Peterborough, Cambridgeshire.