DX Group acquires the In-night and PX worldwide licensing operations of Business Direct (UK)

DX Group Ltd announced its acquisition of the trade and assets of the following operations from Business Direct Limited and Business Direct Group plc:

In-Night – a national infrastructure to provide secure parcel logistics, primarily supporting field based engineers, through:
– The Parcel Exchange (“PX”) – a nationwide “virtual depot” network of over 4,000 fully automated intelligent drop boxes
– In-Boot – collection and deliveries direct to a field engineer’s vehicle
– PUDO – Pick Up Drop Off, the collection and return of spare parts via manned third party locations

PX Worldwide Licensing – the licensing of the PX technology to interested parties.

For DX, the acquisition of these operations represents the opportunity to:
– become a leading player in the adjacent service management market
– develop the services available to In-Night customers from the integration of aspects of the these operations with existing DX operations
– use the secure PX network to extend the services we offer to existing DX Group customers
– market the PX concept internationally via licensing arrangements
– develop the emerging potential for extending the PX concept to service the rapidly expanding B2C market

Terms of the acquisition have not been disclosed.

DX Group Ltd announced its acquisition of the trade and assets of the following operations from Business Direct Limited and Business Direct Group plc:

In-Night – a national infrastructure to provide secure parcel logistics, primarily supporting field based engineers, through:
– The Parcel Exchange (“PX”) – a nationwide “virtual depot” network of over 4,000 fully automated intelligent drop boxes
– In-Boot – collection and deliveries direct to a field engineer’s vehicle
– PUDO – Pick Up Drop Off, the collection and return of spare parts via manned third party locations

PX Worldwide Licensing – the licensing of the PX technology to interested parties.

For DX, the acquisition of these operations represents the opportunity to:
– become a leading player in the adjacent service management market
– develop the services available to In-Night customers from the integration of aspects of the these operations with existing DX operations
– use the secure PX network to extend the services we offer to existing DX Group customers
– market the PX concept internationally via licensing arrangements
– develop the emerging potential for extending the PX concept to service the rapidly expanding B2C market

Terms of the acquisition have not been disclosed.
Commenting on the acquisition, John Coghlan, CEO of DX Group said:
“The Management of Business Direct Group has over the last 18 months successfully refocused the operations of the In-Night division resulting in significantly increased growth rates and, in parallel, achieved the first concrete sale of the PX technology to a third party. The acquisition of these operations by DX Group provides a stable financial platform, resolving current working capital constraints. We look forward to working with Business Direct Group employees to expand and upgrade the service for existing and potential customers to secure future business growth.”