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Tag: acquisition

E2open acquires Logistyx Technologies for $185m

Posted on by Keith McKinley

E2open Parent Holdings, Inc., a leading network-based provider of a cloud-based, mission-critical, end-to-end supply chain management platform, has acquired Logistyx Technologies, a leader in global parcel and e-commerce shipping and fulfilment technology.

With the combination, E2open enhances its global footprint for multi-carrier e-commerce shipment management, offering companies a complete range of shipping capabilities needed to scale and respond to growing market needs.

“We are excited to welcome Logistyx Technologies’ team, clients, and capabilities to E2open,” said Michael Farlekas, chief executive officer at E2open. “The demand for e-commerce shipping capabilities continues to grow as companies look for more flexible and cost-effective ways to deliver products to consumers. This combination makes E2open the most comprehensive and integrated shipping solution provider, which covers all shipping modes including ocean, air, road, rail, and parcel, and is powered by a global network of carriers and logistics service providers.

“Logistyx is complementary to E2open’s existing platform, enabling E2open’s world-class clients to orchestrate their supply chains from demand to fulfilment, to supply.”

“The Logistyx team is thrilled to combine with E2open to enable more companies to ship smarter and benefit from the largest supply chain platform and network available,” said Geoffrey Finlay, chief executive officer at Logistyx. “We provide our customers, which include top retailers, manufacturers and logistics providers, the automation, visibility and flexibility needed to simplify global fulfilment and compete in an omnichannel world – all within a one-stop, connected platform.”

The Logistyx combination with E2open accelerates subscription revenue growth and unlocks strategic benefits for clients, including:

  • Increased reach as a global leader in transportation management for parcel shipping: Logistyx’s global parcel system augments E2open’s direct-to-consumer e-commerce offerings, creating a complete global footprint for multi-carrier parcel management.
  • Enhanced global parcel carrier network: The combination adds a carrier library of over 550 global carrier integrations including UPS, FedEx, DHL and USPS, to E2open’s leading network. The solution manages the carrier certification process to keep clients in compliance, while making it easier to compare and review spot rate options, which is critical in a capacity-constrained environment.
  • Expanded client base: E2open’s client base will be enhanced by Logistyx’s strong global enterprise clients, which include many of the world’s leading retailers, manufacturers, and carriers.
  • Augmented product offerings: Logistyx’s clients will benefit from a combined portfolio that will not only expand shipping modes beyond parcel, but also enhance upstream capabilities to better orchestrate manufacturing, distribution, channel and trade operations.

E2open acquired Logistyx Technologies for a total purchase price of $185m, a transaction which was unanimously approved by E2open’s Board of Directors.

Fagan & Whalley acquires Welsh logistics company

Posted on by Keith McKinley

Long-established UK logistics company Fagan & Whalley Ltd., headquartered in Lancashire, has expanded its operations with the acquisition of Newport, South Wales-based logistics company, Alan R Jones & Sons Ltd.

With a fleet of 170 vehicles and five operational sites across the UK, including a 200,000 sq ft warehousing and distribution depot recently launched in Blackburn, Fagan & Whalley’s already substantial offering is boosted by the additional 39 commercial vehicles, 40,000 sq ft of warehousing space, and strategically located distribution depot gained in the acquisition of Alan R Jones & Sons.

Fagan & Whalley is a people-first operation, and valuing the team comes as a core element of the company’s philosophy. With no initial plans to make any changes to services currently being offered by both companies, the priority in the earliest stages is being placed on ensuring teams across both organisations continue to receive the support they need to continue working effectively.

“Following a period of continued growth and development, we saw this as a valuable opportunity to strengthen our geographical position and embark on the next step in our plans for expansion,” says Fagan & Whalley Business Strategy Director, Sam Fagan.

“We’re extremely proud to be welcoming the Alan R Jones team on board and to be acquiring the brand as part of the Fagan & Whalley family. It’s a match that’s not only strategic, but one that makes sense. Alan R Jones & Sons is a business that, having been built up from an initially small operation just like ours was, holds similar core values and celebrates an excellent reputation in Wales and across the South West.

“It will be beneficial to have additional strategic locations functioning in our network, and we’re looking forward to working with the impressive, stable, and diverse customer base that the Alan R Jones team has worked hard to develop over their 50 years in business.

“This move to develop our network and operations comes as a vital part of our wider business plans to orchestrate continual growth and expand into new locations, particularly in the South. It has provided an opportunity for us to increase our customer base and streamline our operations to ultimately become more efficient in our work. There’s substantial potential for further scale and growth, and we’re really looking forward to what promises to be a bright future for Fagan & Whalley and Alan R Jones & Sons Ltd.”

Ray Clegg, former Managing Director of Alan R Jones & Sons, commented: “It had become an obvious strategic move for the business to look at new opportunities, and when we had a discussion with the team at Fagan & Whalley, it was immediately clear that they put their people at the core of what they do, with a reputation that’s second to none, and I am truly delighted that Alan R Jones & Sons will now move forward into the future with new leadership and new opportunities to cement its status as a service-driven, people-led, award-winning organisation.”

Briggs completes acquisition of Aerial Platform Hire

Posted on by Keith McKinley

Briggs Equipment has completed the acquisition of Aerial Platform Hire Limited, one of Ireland’s leading powered access hire companies.

Working from two sites in Clane, Co. Kildare and Mallow, Co. Cork, Aerial Platform Hire has an established reputation for delivering high quality powered access solutions to a diverse customer portfolio. This latest acquisition will enable Briggs Equipment to further strengthen its position as the UK and Ireland’s premier Asset Management and Engineering Services specialist, whilst also demonstrating an ongoing commitment to developing its product and service offering.

As part of the acquisition and long-term strategy for the business, Briggs will be delivering ongoing investment into key areas including the equipment fleet to help meet evolving customer and market demands.

Pete Jones, Briggs Equipment’s Group Managing Director, commented: “We are delighted to have completed this latest acquisition, which sees Aerial Platform Hire join our Group. Their unique combination of strong coverage throughout Ireland and an established reputation in the powered access market, will enable us to build on our existing presence within the country and expand our product offering.

“We are committed to working with businesses that share the same values and cultures as ourselves and it’s clear there is a real family atmosphere that has been at the heart of the company’s success. As with all our acquisitions we are keen to preserve that ethos whilst also providing the appropriate investment, support and guidance to help the business achieve its full potential.

“I’d like to thank everyone involved in securing the completion of this acquisition and we look forward to welcoming the Aerial Platforms team into our business, working closely with them and ensuring they have everything they need to go from strength to strength as an integral part of the Briggs Equipment Group.”

Andrew Davin, Managing Director of Aerial Platform Hire Ltd commented: “The Davin family are very pleased to announce the change of ownership of Aerial Platform Hire Ltd which has been acquired by the Briggs Equipment Group.

“We have grown this business over 42 years and we pride ourselves on providing an excellent service to our customers through the dedication of our team and investment in quality powered access products.

“We are confident that being part of the Briggs Equipment Group will be a positive experience for our customers and staff alike as they benefit from the support and expertise of Briggs. We wish Aerial Platform Hire and Briggs every success for the future.”

As a wholly-owned subsidiary of Briggs, Aerial Platform Hire Limited will continue trading under its own name and with all current operational contacts remaining in place.

 

Atlantic Pacific purchases Freedom Logistics

Posted on by Keith McKinley

Atlantic Pacific Group has acquired Freedom Logistics UK Ltd, effective from 19th January 2022.

Freedom Logistics is a Heathrow-based international logistics supplier that predominantly has been providing air freight, warehousing and logistics services for 15 years.

In support of global logistics and niche services, including specialising in temperature controlled cool-chain services, Freedom operates from its own warehousing unit in Feltham, with the ability to collect and deliver using its own vehicles.

Atlantic Pacific Group Chairman Ashley Nichols commented: “We are delighted to welcome the Freedom Logistics team to our group. Strategically, this is a great fit for all group members, which enables us to extend our air freight services to better support many of our specialist verticals.

“The experience and specialist knowledge that Freedom provide within the cool-chain sector will be of great benefit to our existing customers, especially the many we have in the Food industry.”

Freedom Logistics Managing Director Chris Houghton added: ”Joining the Atlantic Pacific Group is a great opportunity for us. Gaining access to the group’s buying power, worldwide network and global service offering, while maintaining our dedicated and personal approach to customers, should open up a host of opportunities for our existing clients.”

Chris Houghton will continue to lead Freedom Logistics, as he has done since the company was formed in 2007.

 

REMIRA and ROQQIO merge to form software heavyweight

Posted on by David Priestman

REMIRA, a supply chain specialist, and ROQQIO, an expert for omnichannel commerce software solutions, are merging under the enhanced REMIRA brand. With around 500 employees and a cumulative annual turnover of €50m, one of the largest software companies headquartered in Germany is created.

By merging the Supply Chain Solutions and Omnichannel Commerce product worlds, REMIRA is creating with Unified Commerce an end-to-end solution that is completely focused on the behaviour of the end customer and the market.

“With this merger, we are taking the next consequential step in our corporate strategy,” explains Stephan Unser, CEO of REMIRA. “In total, we support around 8,000 customers. And as of before, we do this 80 % from Germany. This makes us one of Germany’s most important software companies.”

Today, REMIRA is already one of the leading providers of supply chain solutions for retail, logistics, and industrial companies in all sectors. The internationally active Dortmund-based company promotes technological progress in the supply chain with AI-supported cloud solutions. Among the users of REMIRA products are REWE Systems, Gedore, Fressnapf, and Olymp.

The specialist for supply chain management accompanies its customers through the entire supply chain with its five connected business units Planning, Purchasing, Manufacturing, Transportation, and Warehousing. ROQQIO is one of the leading software companies for omnichannel solutions in stationary and online retail. The company’s solutions are used by well-known brands in the fashion, sports, and retail sectors. The reference list includes Bogner, Rose Bikes, Intersport, and Expert.

Unified Commerce

With the merger of the two companies, REMIRA’s product range will be expanded to include a sixth area – Commerce. This includes software and hardware solutions for the point of sale and the Commerce Cloud, a central software-as-a-service platform. This enables all processes and touchpoints with customers to be captured, controlled, and monitored, thus making a significant contribution to linking stationary retail with online retail.

REMIRA breaks down data silos by seamlessly integrating the online and offline worlds. Retailers get a 360° view of their customers and their shopping behaviour. This enables them to ensure merchandise availability for each sales channel while optimising overall inventory levels. This increases customer satisfaction and, at the same time, improves the company’s earnings situation. The combination of these established commerce processes with the comprehensive services from the area of supply chain management will significantly shape the commerce of the future as unified commerce.

Focus on customer success

REMIRA‘s future supply chain and unified commerce offering will help users to optimise their supply chain and thus generate decisive advantages over the competitors. To create the transparency required for this, all products and services will communicate in a networked way in the future.

“We want the greatest possible success for our customers. To achieve this, we must put their end customers at the centre of our efforts,” explains Unser. “This is exactly where we are starting with the merger. From optimised sales planning to purchasing and resilient forecasting to customer centricity across all sales channels, we are creating complete connectivity.

“The resulting data and transparency will help our users to ensure maximum availability while maintaining optimised inventory levels – regardless of the sales channel. This will be crucial for the long-term success of our customers in a continuously changing market environment.”

Transporeon acquires SupplyStack and Nexogen

Posted on by Keith McKinley

With the acquisition of  SupplyStack and Nexogen, Transporeon customers profit once more from the fact that the services of the Transport Management Platform can be consumed in a modular way.

Transporeon continues to follow a growth strategy that embeds new functionalities directly in its network. The company thereby provides easy-to-consume capabilities, optimising transport flows and complementing respective in-house IT capabilities delivered by ERP and TMS systems for an ever more sustainable, cost and time-sensitive economy.

Transporeon acquires SupplyStack

Following the acquisition of ocean visibility and multimodal planning specialist Logit One in December 2021, Transporeon now further expands its capabilities in handling multimodal and part load transports by adding the services of SupplyStack to its Transport Management Platform.

Transporeon’s customers are now getting access to a comprehensive multimodal and part load planning and execution framework, supporting automation and optimisation of transport flows. Shippers and forwarders will be able to further automate their transport planning, assignment and execution.

After an integration period, SupplyStack customers will also obtain access to Transporeon’s carrier network, platform services, freight procurement and rate management as well as spot assignment, freight settlement and audit offerings.

In addition, they will profit from the integration of Transporeon’s Sixfold Real-Time Visibility (RTV) services into daily operations. This way, they no longer have to use visibility as a separate feature. Instead, RTV becomes an enterprise-wide capability that drives customer service, efficiency and lays the foundation for more sustainable transport execution.

“There is an increasing demand in the supply chain to improve transparency and reduce costs, while at the same time making freight transport more sustainable,” commented Stephan Sieber, CEO of Transporeon. “Adding multimodal and part load transport planning and execution capabilities to our platform through the acquisition of SupplyStack will provide our customers with the degree of flexibility necessary to achieve this goal.”

Nick Poels, Founder and CEO of SupplyStack, added: “Although powerful alone, we believe we are stronger together. This acquisition marks an important milestone in our mission to change the way freight is moved. Combining SupplyStack’s Transport Management solutions with Transporeon’s network will enable our customers to profit from our services – on global supply chains with a mix of modes as well as on domestic operations.

“We therefore are happy to become part of the Transporeon family, where our customers from different industries can manage their logistics operations following a true network approach.”

Transporeon acquires Nexogen

To support operators in optimally dispatching fleets, Transporeon is taking over AI road transport planning specialist Nexogen. The Software as a Service (SaaS) company helps carriers and asset owners improve utilisation by optimising matches between orders and trucks, drivers and itineraries. This way, Nexogen reduces overall freight transportation costs, empty runs and waiting times.

Already today, Transporeon offers comprehensive carrier services ranging from Market Intelligence, RTV on Ocean, Air and Road-transport, to autonomous freight procurement and document management. With the acquisition of Nexogen, the company enlarges its carrier service portfolio even further by introducing the AI Planner and the AI Operator.

The Nexogen AI planner connects to existing Transport Management Systems (TMS) and supports optimal asset utilisation by matching orders to trucks and drivers based on data. The AI planner’s engine plans ahead, also taking into account spot market data to ensure the highest level of fleet utilisation.

The Nexogen AI Operator helps to manage fleets more efficiently based on telematics and real-time insights. Offering a most efficient itinerary planning tool, it also provides dispatchers with real-time insights on shipment execution. The AI Operator uses its access to primary data sets, such as remaining hours of service and fuel consumption, to calculate tunnel, ferry, parking and gas station route planning as well as accurate ETAs – always in compliance with EU regulations.

Nexogen carriers will be able to receive spot transport offers directly from Transporeon, thereby obtaining access to additional loads. In addition, they will profit from the option to find subcontractors for non-matching shipments on the Transporeon platform.

With up to 30% inefficiencies in European road transport, driver shortages, and increasing sustainability targets, carriers and shippers need to work more efficiently, by reducing both empty runs and unprofitable waiting times.

Stephan Sieber, CEO of Transporeon, commented: “The integration of Nexogen into our Transport Management Platform will help carriers improve their asset utilisation and manage complexity. This is important with regard to the upcoming EU mobility package. While the new framework guarantees fair competition across the market and protects drivers through clear rules, it adds further regulation to logistics operations. Intelligent solutions are needed to successfully operate under this framework. Nexogen’s AI powered services will assist fleet operators to consider all necessary information and rules when planning a transport.”

Nexogen CEO András Kovács added: “Our mission is to use data for leveraging the potential of logistics through intelligent, automated planning and optimisation. Adding Nexogen’s capabilities to Transporeon’s large portfolio of carrier services will allow us to drive digitisation, thereby improving efficiencies and reducing CO2 emissions in each freight transport. We therefore are pleased to become part of the Transporeon ecosystem and its vast community counting more than 130,000 carriers.”

TESISQUARE acquires Aptos’ SCM business

Posted on by Keith McKinley

TESISQUARE, a leading partner to build digital supply chain ecosystems, has acquired the supply chain management (SCM) business unit of Aptos, a recognised market leader in retail technology solutions.

As part of its go-to-market plan to penetrate the European market with a strong presence in such a strategic country like Germany, TESISQUARE says it has raised the bar to step-up investments abroad and put down roots to create a talented German team.

Combining Aptos’ SCM business unit coverage and reputation with TESISQUARE’s supply chain execution expertise, TESISQUARE says its clients will benefit from enhanced end-to-end visibility and operational excellence across a broad range of industries and locations.

Based in Chemnitz, Germany, Aptos’ SCM business unit relies on its long-standing experience in supply chain processes, delivering powerful tools to boost supply chain performance, from order to logistics collaboration and quality control.

Aptos’ SCM business unit adds value to the TESISQUARE Platform by empowering network collaboration and orchestration of all players along the value supply chain with a remarkable end-to-end approach.

“This is a significant step in our strategic development and puts our business on a broader basis,” said Roberto Graziotin (pictured), Chief of International Sales and Operations at TESISQUARE. “This acquisition complements our supply chain management expertise, providing the best way forward to unlock the product potential, by creating further value for clients and improving our competitive positioning. We are very pleased to welcome Aptos’ SCM business unit team to the TESISQUARE family.”

 

Transporeon acquires Logit One

Posted on by Keith McKinley

Transporeon has strengthened its international ocean visibility capabilities through the acquisition of Logit One.

As adoption of in-transit visibility has become a must-have, the focus has mainly been on outbound transportation visibility, improving customer satisfaction and delivery accuracy. The next phase for customers is to build a complete End-to-End supply chain visibility, expanding coverage of inbound visibility across multimodal tracking. Connecting transport execution to multimodal visibility across Ocean, Road, and Air is when transportation gets in sync with the world, and the real value is unlocked.

Bringing in Logit One, an industry technology leader of Ocean visibility and end-to-end multimodal planning capabilities in real time enables Transporeon’s mission of bringing transportation in sync with the world. This is achieved through the execution of predictive transportation across multiple modes enabled through high accuracy and global coverage of its in-transport visibility network.

Logit One’s technology will be immediately made available to all existing Transporeon customers and prospects. It serves as a perfect extension of the established Transporeon Sixfold Visibility and Tracking portfolio.

Transporeon is continuing to build up the most powerful visibility network in the world, delivering predictive transportation across multiple modes. The acquisition of Logit One expands the Transporeon Sixfold Visibility and Tracking offering across Ocean. It makes Transporeon the only company to provide an execution platform with an integrated multimodal visibility offering. For clients, the integration of Logit One represents a major development in transport visibility and predictive transportation across all modes.

Stephan Sieber, CEO of Transporeon: “Expanding our visibility offering to Ocean is the logical next step. It shows our continued commitment to combining visibility with execution. This will enable our customers to continuously improve their operations and open a whole new set of innovation potentials to all of us! We are excited to welcome the Logit One family to Transporeon.”

Integrating the Logit One solution into Europe’s largest network of shippers and carriers will generate important scaling effects. This means that all parties to the Transporeon platform can enjoy far greater transparency than any individual visibility solution could offer. Logit One will be a great extension to Transporeon Sixfold currently monitoring over €500m worth of goods in real-time every day for customers in 40+ countries with 25 languages.

“Shippers and forwarders are facing huge dynamics in the ocean transport system and international transportation needs to become greener, more agile, and responsive. Through this acquisition, Transporeon’s customers will be able to expand the scope of their transportation visibility to international movements and to synchronise ocean and overland transportation. We are very excited about this step because we share a common vision and this will bring our solutions to a worldwide market,” said Frank Knoors, CEO of Logit One.

Transporeon’s one-platform approach ensures all users instantly benefit from the integration of new functionalities and services. Existing Transporeon customers will automatically benefit from the integration of the Ocean Visibility data feed into their transport planning and execution. The Transporeon platform includes a bird’s-eye view control tower of all their shipments across modes. Furthermore, additional multimodal planning functionalities will help to utilise the available capacity and reduce the environmental impact.

The Transporeon logistics platform is a 360° logistics services platform, and not only a standalone in-transit visibility provider. The strength of the Platform lies within its unique services supporting the customers’ complete transport lifecycle demands. Transporeon’s services include Market intelligence, freight procurement, planning and execution, tracking/proof of delivery, visibility, and freight audit. All the above are built on the world’s largest road carrier network. With the addition of Logit One, Transporeon significantly strengthens its services across all transport modes.

“As a well-known and recognised provider of global 4PL solutions we offer our clients with visibility and transparency in their supply chain in order to keep in control and to react fast on exceptions said Amaury Luycks, Managing Director of Polytra NV (part of Fracht Group).

“For us, the future of logistics service providers comes from analysing data, moving from reactive to proactive to predictive. We believe that logistics is not only finding the cheapest solution but also the most reliable, the fastest, and the greenest. Our partnership with Logit One is an important building block to achieve this. Their visibility solution gives us the tools to achieve superior service for our customers and even for our customers’ customers.”

Sorted acquires returns specialist Clicksit

Posted on by Keith McKinley

Sorted, the Delivery Experience Platform, has closed its Series C funding round for $40m and acquired Clicksit, an automated returns company. This acquisition will enable all retailers, ranging from large enterprises to small and medium businesses, to have access to next-generation post-purchase experiences for the first time.

The acquisition sees Sorted transform into a unique all-in-one, end-to-end, Delivery Experience Platform – bridging the gap between post-purchase and returns experiences in one ecommerce platform. It is also a testament to UK innovation, with both Manchester-HQ’d companies joining forces to deliver the best in ecommerce delivery on a global scale.

The next generation of Sorted sees its existing products – including leading post-purchase tracking and communications product, SortedREACT – undergo considerable development to further enhance the platform. Having recently announced the appointment of new CEO Carmen Carey, the acquisition also marks Sorted’s continued expansion into the US market with Clicksit’s growing number of US returns management customers.

The acquisition will bring further international presence and accessibility of Sorted’s products, increasing the breadth of the market the company can serve. Whereas Sorted’s heritage lies in the large enterprise space, currently enabling 5* delivery experiences for enterprises like ASOS, Asda and more, the acquisition will bring industry-leading delivery experiences to the SMB market for the first time.

Carmen Carey, CEO at Sorted, commented: “Our acquisition of Clicksit marks an important milestone in the company’s rapid expansion journey. Returns is, now more than ever, a crucial step in the ecommerce customer journey, and we are excited to power returns innovation as part of our full Delivery Experience Platform.”

Carey added: “With such experiences being the sole privilege of large enterprises for many years, this next stage in Sorted’s evolution is set to provide the SMB market with industry-leading delivery and returns experience capabilities for the very first time. We’re looking forward to driving the company’s growth, enabling a unified delivery and returns experience for all customers, and marking an acceleration into serving the US retail landscape.”

Thomas Hill, CEO at Clicksit, adds: “Sorted’s acquisition of Clicksit has come at a pivotal moment for the retail industry. Customers are now expecting – and demanding – faultless delivery and returns experiences as standard, regardless of whether they order from a large multinational brand or a small business. Sorted’s acquisition of Clicksit will empower retailers and brands to provide industry-leading customer experiences at a time when the trading environment is more competitive than ever.”

Shaz Sulaman, Founder at Solid Bond Capital, and Chairman and main investor in Clicksit, commented: “News of the investment and the partnership between Sorted and Clicksit is a great fit for both businesses, and I am proud of Thomas’ journey so far. As new shareholders in Sorted Group, we very much look forward to seeing Carmen and the team grow the business and serve the new growing global customer base.”

Briggs acquires long-established UK forklift dealer

Posted on by Keith McKinley

Briggs Equipment has completed the acquisition of materials handling dealer, Forkway Group.

Operating from three UK sites in Amersham, Dewsbury and Southampton, Forkway has supplied industrial equipment and expert engineering services to customers since 1961 with a philosophy and commitment that perfectly complements the Briggs Proposition. The company, which has been a sub-dealer of Briggs for 10 years, is well respected within the industry for its commitment to customer service and has a loyal and diverse customer portfolio that covers key geographical areas.

Briggs Equipment says this acquisition further strengthens its position as the UK & Ireland’s leading asset management and engineering services specialists, whilst ensuring Forkway customers benefit from access to a wider range of high-quality products and supporting services. The two companies already have an established and valuable working partnership through the sub-dealer arrangement that has existed successfully for 10 years.

Pete Jones, Briggs Equipment’s Group Managing Director, commented: “With the acquisition of Forkway, we are delighted to have brought a strong and long-standing business partner fully within the Briggs Group. Their skilled employees, extensive customer portfolio and synergy with our own customer base means they are a further valuable addition to the Briggs Equipment Group.

“We continue to build on our recent acquisition activity and this latest deal underlines our ambition and focus to grow the Group and ultimately provide unrivalled service and coverage to our customers. Forkway has a proven track record of success that’s been built over a number of decades and whilst we will expand the overall capability of the business, we also recognise the importance of nurturing and protecting those unique and long-lasting customer partnerships.”

“As with all our acquisitions, we want to work with businesses that share the same values and culture as ourselves and through our experience of working with the team at Forkway, we’re confident that they will be quickly become an integral part of the Briggs Equipment Group.

“We look forward to welcoming the Forkway team into our business, working closely with them and providing the appropriate investment and support to ensure the company can continue to prosper and fulfil its huge potential.

Richard Greaves, Forkway’s Group Director, commented: “This acquisition will allow our business to accelerate its development as part of a values orientated, industry recognised and highly successful organisation. The positive culture and ambition that runs throughout Briggs will help our people thrive in their roles, whilst delivering key improvements to our product and service offering.

“I’d like to thank everyone involved with the acquisition for their hard-work and we’re now looking forward to settling in and establishing Forkway as a key part of the Briggs Equipment Group.”

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