Xpediator has acquired Nidd Transport Ltd (“Nidd”), a freight forwarder and operator based in Ripon. With a strong network across the North of the UK plus France, Spain, Germany and Italy, Nidd fills many of the gaps in Xpediator’s European network. We expect substantial cross-selling benefits between the two customer bases. The trailing multiple paid is reasonable, considering the net cash and strong asset base of the acquired vehicle. So, it looks a very sensible acquisiti
06 Oct 2020
A logical deal that is EPS accretive
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A logical deal that is EPS accretive
- Published:
06 Oct 2020 -
Author:
David O’Brien -
Pages:
6
Xpediator has acquired Nidd Transport Ltd (“Nidd”), a freight forwarder and operator based in Ripon. With a strong network across the North of the UK plus France, Spain, Germany and Italy, Nidd fills many of the gaps in Xpediator’s European network. We expect substantial cross-selling benefits between the two customer bases. The trailing multiple paid is reasonable, considering the net cash and strong asset base of the acquired vehicle. So, it looks a very sensible acquisiti