CYC Logistics to join with CitySprint
CitySprint has today entered into an agreement to acquire London based CYC Logistics, building on its position as the UK’s largest privately owned same day distribution company. The integration will take place over the coming months. CYC Logistics is one of London’s leading same day delivery courier firms and has an extensive fleet, a diverse range of customers across multiple sectors, two London based service centres and tried and trusted international partners.
The addition of CYC Logistics’ courier fleet supports CitySprint’s growth as the largest privately owned same day distribution company, and it follows the integration of three regional businesses earlier in the year. CitySprint’s new combined
operations will comprise:
• Nearly 3,000 couriers
• 40 Service Centres
This deal will give CYC Logistics’ customers access to CitySprint’s unrivalled network, which can reach 87% of the UK mainland population in under an hour. Customers will also be able to take advantage of CitySprint’s leading technology, allowing them to track their parcels in real-time on desktop and smartphone via the first ever same day courier app, MyCourier. As part of the acquisition all employees will transfer to CitySprint, and the local contact details will remain the same.
Patrick Gallagher, Chief Executive of CitySprint commented: “Today’s acquisition, the second biggest in our history, is a major and exciting milestone for the business.
Not only are we adding further scale and reach to our national business; we are building on our existing local knowledge base with some excellent people. I am very much looking forward to welcoming CYC staff, couriers and customers to the CitySprint family.” Tony Fry, Managing Director of CYC Logistics, added: “I am very proud of our fantastic people and customers, and am delighted to join forces with CitySprint. I certainly believe both companies will be stronger together and look forward to sharing the benefits with all of our clients and employees.”
