Xpediator has acquired Import Services Limited (ISL), part-funded via a placing of 10m new ordinary shares. The acquisition represents the Group’s fourth since IPO and significantly expands the Group’s capabilities at the Port of Southampton, adding a contract logistics business and in excess of 40,000 sqm of warehousing. We anticipate many operational synergies, expansion opportunities and cross-selling potential to emerge from the deal.
Sign up for free to access
Get access to the latest equity research in real-time from 12 commissioned providers.
Get access to the latest equity research in real-time from 12 commissioned providers.
Acquisition and placing
- Published:
11 Jul 2018 -
Author:
David O’Brien -
Pages:
6
Xpediator has acquired Import Services Limited (ISL), part-funded via a placing of 10m new ordinary shares. The acquisition represents the Group’s fourth since IPO and significantly expands the Group’s capabilities at the Port of Southampton, adding a contract logistics business and in excess of 40,000 sqm of warehousing. We anticipate many operational synergies, expansion opportunities and cross-selling potential to emerge from the deal.