LONDON: Xpediator Plc, a leading provider of freight management services across the UK and Central and Eastern Europe, has acquired the UK-based international groupage freight forwarder and operator, Nidd Transport Ltd for £4.6 million, a news release said.
Founded by Tony White 36 years ago the business has evolved and developed a strong reputation for efficiency and excellent customer service. Providing daily road freight services into Europe primarily into France, Spain, Portugal and Germany, but also into other European countries.
Offering part load and full loads to customers from a broad range of industries the focus is on speed and reliability. By being a founder member of Palletforce, a leading pallet network across the UK, this provides enhanced capability to deploy a full range of daily UK distribution services and additional income stream through Nidd being responsible for all Palletforce deliveries from the UK into Spain and Portugal.
Robert Ross, Xpediator CEO, commented, “We have known Nidd Transport for some time and its reputation for being an excellent regional freight forwarder. I am therefore delighted Tony has chosen to entrust us with the future of his business and all the people who work for Nidd. Our aim is simply to continue to grow the company and we are confident we can do so.
“Our client bases are similar but do not have significant overlap and while our services our comparable our geographic focuses are different. There are therefore immediate opportunities to provide greater geographic coverage to both client bases and we expect both existing client bases to benefit from the enhanced service offerings.”
Tony White, Managing Director, Nidd, said: “It was important to me to find the right buyer for our Company and I believe we have done so, ensuring it’s long term success with a bright future for the loyal team of colleagues that have supported me over the years. While I am stepping away from the business I believe, by becoming part of the Xpediator Group, the future prospects for Nidd will be enhanced, in terms of continuing to provide our clients the high quality service they have enjoyed, together with being able to offer expanded services which will also create opportunities for the business to gain new clients.”
Xpediator is a well-established international provider of freight management services. Established in 1988, the Group’s international network of offices provides road, sea and air freight services, together with logistics and warehousing in the UK and Romania.
The business offers integrated freight management within the supply chain logistics and fulfilment sector, through its three main areas: freight forwarding, logistics & warehousing and transport services. With headquarters in Braintree, Essex and country offices in nine CEE countries across 38 sites, the Group currently employs over 1,000 people and was successfully listed on London’s AIM market in 2017.
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