CitySprint buy Post Haste
UK-based CitySprint has acquired the Post Haste Group for an undisclosed sum. Post Haste is a specialist same day express courier company which was founded in 1977. CitySprint has acquired the Reading, Bracknell, Basingstoke, Tolworth, Swindon, High Wycombe, Watford, Edinburgh and Dundee elements of the Group.
The deal enables CitySprint to enhance its UK presence, increase revenues by an estimated 6% and continue their growth strategy which has been fuelled by a period of organic growth and four strategic acquisitions which have been made in the past 18 months.
The acquisition represents a continued commitment to a bold, yet realistic, growth strategy, claim CitySprint. Whilst the deal does not expand their infrastructure, as all locations will be merged with existing CitySprint ServiceCentres, it does increase staff and fleet sizes enabling them to increase their capacity and therefore responsiveness.
Commenting on the deal, CitySprint chief executive, Andrew Bernard said: ” We have recognised Post Haste as a strong business and are delighted to be able to offer our services to its existing customers, and look forward to welcoming staff and fleet to the CitySprint team.”
Post Haste chairman, Richard Howard, added: “This deal has been a huge success; not least because of CitySprint’s professional attitude. The deal, from beginning to end, has run smoothly with all of our fears unfounded and laid to rest by CitySprint’s approach. “
