DMN Logistics has completed the acquisition of JLL Vehicle Distribution to boost its electric vehicle (EV) and transported vehicle logistics operation as it focuses on business growth and expansion in 2023.
Alvechurch-based JLL Vehicle Distribution, established as a father and son business in 2010, offers boutique and EV transport operations for Inchcape, Autorola, and Audi, as well as other large dealer groups, vehicle brokers and multiple brands. It also provides delivery and vehicle transfer services to corporate and dealers alongside undertaking customer handovers.
Announcing the deal, Birmingham-based DMN Logistics said the company initially approached JLL Vehicle Distribution managing director James Lee to explore opportunities to work closely together. Following extensive talks, both parties agreed upon a full acquisition of JLL.
The acquisition enables DMN Logistics to leverage increasing opportunities with many of the emerging Chinese OEMs, who are looking to expand into the UK and grow in the vehicle logistics marketplace, the company said.
Lee will remain in the business as managing director and will focus on building relationships, new business development and developing ways to improve operational efficiency.
- Chinese manufacturer BYD to launch 19-tonne electric truck in Europe this year
- Radius injects £10m into electric vehicle divsion after double acquisition
- Fox Group continues expansion drive with Tipworx acquisition
He said: “This acquisition benefits both us and DMN Logistics. Our contacts can support their expansion while they are better equipped to support our infrastructure. It’s a win-win for both companies. I’m looking forward to supporting DMN Logistics as they develop and grow from strength to strength.”
Nick Chadaway, DMN Logistics managing director, added: “Both our companies specialise in vehicle logistics but the scale we want to achieve in the marketplace cannot be accomplished as quickly as we hope if we are separate entities.
“We have ambitious plans to expand in the EV logistics and automotive sectors and this strategic acquisition will help achieve our aims. With the JLL business, we are able to capitalise on the opportunities presented by the new entrants and as EVs become mainstream.
“It is no secret that we have been more focussed on business growth since the pandemic, and this acquisition instantly increases our fleet size. We have already placed orders for more vehicles and further orders planned to increase our ability to offer more EV movements.”