Private equity firm Advent International is to acquire a 75% stake in Hermes UK in what is described as a “business as usual” agreement. Announced this week, the deal will see German retailer Otto Group sell three quarters of the business to Advent in a deal reportedly worth £900,000. Otto Group will continue to own 25% of the company whilst the management of Hermes UK will continue to lead it as an independent operation, with business continuing as normal for […]
Maxi Haulage achieved a record turnover of £66.3m in 2018, but warned the impact of pre-Brexit stockpiling on its Irish operation will hit its current year’s trading.
Telematics and transport technology firm Microlise has bought TruTac in a move aimed at strengthening its presence in the HGV and PSV sectors.
Connect Group has completed its takeover of Tuffnells Parcels Express, with the deal first revealed last month.