Acquisition-hungry Xpediator boosts sea and air business with Anglia Forwarding takeover

UK forwarder and e-commerce fulfilment operator Xpediator continued on its acquisition trail today with the purchase of Anglia Forwarding for up to £4.2m
An initial £1.5m will be paid, with a further £700,000 due to Anglia’s surplus working capital position. Financial analyst Cantor Fitzgerald understands Anglia has been sold with over £300,000 in cash.
A further £2m could be paid depending on performance to 2020.
Xpediator chief executive Stephen Blyth said Anglia’s air and …

The post Acquisition-hungry Xpediator boosts sea and air business with Anglia Forwarding takeover appeared first on The Loadstar.

Source: The Loadstar

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