Xpediator, part of the Delamode group, has announced the completion of the acquisition of Import Services Limited (ISL). Focused on Third Party Logistics (3PL) storage, handling and transportation, ISL has built a customer base with a focus on clients who service brands in the toy, leisure and sports sectors.
The acquisition will add approximately 40,000 sq m of warehousing and provide opportunities to cross sell current Group services, in particular, European freight forwarding. ISL generated revenues of £21.7m ($28.4m) and unaudited normalised profit before tax of £1.8m ($2.36m) for the year ended December 31, 2017.
Xpediator will combine the group’s existing Southampton facilities and activities with ISL. At Felixtstowe, the group will now have the opportunity to develop a further 20,000 sq m of warehousing.
Commenting on the Acquisition, Stephen Blyth Chief Executive, said, “It is a natural fit with our business, as there is scope to combine our existing facilities in Southampton, expand our capabilities around port services and provides an opportunity to occupy a further 20,000 sq m of warehousing space in the future.”
ISL’s senior management will remain in place for at least two years.
Source: Xpediator
