Xpediator acquires Anglia Forwarding
Xpediator a provider of freight management services across the UK and Europe, is acquiring the entire issued share capital of Anglia Forwarding Group (AFG), a UK-based freight forwarder with road, sea and freight capabilities.
The initial cash consideration payable upon completion is GBP 1.5 million, plus a further cash payment reflecting AFG’s surplus working capital position at completion estimated to be approximately GBP 700,000.
Stephen Blyth, Xpediator CEO, commented: “Anglia Forwarding will significantly strengthen our air and sea freight operations, as well as add complementary European road routes. From Xpediator’s side, we will offer Anglia’s customers our complete service range, especially warehousing and fulfilment."
When the acquisition is completed, the enlarged group will operate from ten sites in the UK and eleven European offices employing 781 people. (mw)