Jersey Post buys HICS Worldwide
Jersey Post has bought the Heathrow-based customs broker HICS Worldwide.
Tim Brown, Chief Executive at Jersey Post commented: “The trend and preference for online shopping continues to grow, with individuals now seeking to shop globally, not just in their home country. Jersey Post sees international customs clearance as a critical enabler for the successful provision of worldwide end-to-end, cross border solutions.
“Our investment in HICS enables us to further extend the range of products and services we offer to Jersey-based businesses wishing to trade globally, but also allows us to reach those internationally-based organisations that wish to do business with Jersey.”
Jersey Post also anticipates it will be able to take advantage of the “synergy” between HICS Worldwide and Fraser Freight, the European logistics freight services company which it bought earlier this year.
Paul Burness, Managing Director at HICS, said: “We are delighted with the progression of the company sale. The acquisition represents a fantastic opportunity for HICS to continue to build on our 28 years of trading experience and success.”
Jersey Post has retained all existing staff at HICS and there have been no compulsory redundancies either at HICS, or at Jersey Post.
