Xpediator buying Anglia Forwarding Group

Xpediator has agreed to buy the Essex-based international freight forwarder Anglia Forwarding Group.

In a statement sent to Post&Parcel today (4 June), Xpediator said: “The initial cash consideration payable upon completion is £1.5 million, plus a further cash payment reflecting AFGL’s surplus working capital position at completion estimated to be approximately £700,000. Deferred cash consideration of up to £2.0 million may also be payable contingent on profits generated by AFGL over the two years ending 31 May 2020.”

This will be Xpediator’s third acquisition since its initial public offering (IPO).

AFGL generated unaudited revenue of £13.5m and normalised operating profit in excess of £400,000 for the year ended 31 July 2017. The company has its headquarters and warehousing in Rainham, Essex and branches in Birmingham, Felixstowe, and Heathrow airport On completion, the enlarged Group will operate from 10 sites in the UK together with 11 European offices employing more than 780 people.

Stephen Blyth, Xpediator CEO, commented: “Anglia Forwarding is an exciting addition to the Xpediator Group, which will significantly strengthen our air and sea freight operations as well as add complementary European road routes. From Xpediator’s side, we will be able to offer Anglia’s customers the complete range of our services, especially warehousing and fulfilment which we believe can add significantly to the Anglia business.”

 

Relevant Directory Listings

Listing image

BÖWE SYSTEC GmbH

BÖWE SYSTEC is one of the world’s leading suppliers of smart automation solutions. For over 70 years our products have streamlined and optimized work and production flows across a wide range of very different industries. Whether it be for inserting systems for classic transactional applications […]

Find out more

Other Directory Listings

About The Author

Ian Taylor

Ian Taylor is the Editor of Triangle’s Mail & Express Review Magazine and the www.postandparcel.info portal. Ian has been a business journalist for almost 30 years, editing and writing for a wide range of magazines and newspapers with a particular focus on the transport and logistics industries.

Advertisement

Advertisement

MER Magazine


The Mail & Express Review (MER) Magazine is our quarterly print publication. Packed with original content and thought-provoking features, MER is a a must-read for those who want the inside track on the industry.

 

P&P Poll

Loading

In the future, what type of food will we see delivered more often through domestic letter boxes?

Thank you for voting
You have already voted on this poll!
Please select an option!



Pin It on Pinterest

Share This