Postcomm has today published for consultation its draft business plan for 2007-2008 (pdf, 274KB), together with a cover letter to stakeholders (pdf, 61KB) from deputy chief executive Richard Moriarty. Comments should go to [email protected] by 20 March 2007.
Read MoreStrategic Purchase Offers Customers Broader, More Seamless Range of Services.
FedEx Corporation today announced it has acquired ANC Holdings Limited, a United Kingdom domestic express transportation company for GBP120 million. This transaction will allow FedEx Express, an operating unit of FedEx Corp., to directly serve the entire UK domestic market, providing a broader range of shipping options and enhanced service under the trusted FedEx brand.
ANC offers a comprehensive range of distribution and logistics services with an established pick-up and delivery network across the UK. Founded in 1981, ANC has annual revenues of more than GBP145 million and is known for its strong customer-service philosophy, its advanced, reliable delivery network and commitment to its employees. ANC currently operates with a network of approximately 4,500 people and a fleet of 2,200 vehicles from 80 locations.
“The addition of ANC significantly expands our service portfolio in the important UK market and underscores our continuing commitment to grow the FedEx international business,” said Michael L. Ducker, president, International, FedEx Express. “This strategic investment enhances FedEx in the global express industry and will deliver additional value to our customers, employees and shareowners.”
FedEx Corporation today announced it has acquired ANC Holdings Limited, a United Kingdom domestic express transportation company for GBP120 million. This transaction will allow FedEx Express, an operating unit of FedEx Corp., to directly serve the entire UK domestic market, providing a broader range of shipping options and enhanced service under the trusted FedEx brand.
ANC offers a comprehensive range of distribution and logistics services with an established pick-up and delivery network across the UK. Founded in 1981, ANC has annual revenues of more than GBP145 million and is known for its strong customer-service philosophy, its advanced, reliable delivery network and commitment to its employees. ANC currently operates with a network of approximately 4,500 people and a fleet of 2,200 vehicles from 80 locations.
UK businesses increasingly demand bundled transportation offerings in order to take advantage of global economic trends, such as the increasing percentage of high-tech, high-value manufactured goods, the growth of global trade, faster supply chains and logistics and the growth of the internet and e-commerce.
ANC management will remain in place and report directly to Elliott. As part of the transaction, ANC shareholder LDC – the private equity division of Lloyds TSB Group plc – will exit its investment.
Read MoreNorway Post-owned ErgoGroup has today signed a contract to buy more than 90% of the shares in SYSteam’s operations in Sweden, Norway, Finland and Denmark. The remaining shareholders will receive an offer to sell their shares in the company to ErgoGroup. The total purchase price will be MSEK 1,100
SYSteam is the biggest IT company in Sweden’s SME market and the combined SYSteam/ErgoGroup will be a clear market leader as an IT service provider to the Nordic SME market.
SYSteam is owned by Bure Equity AS, which holds 46.2% of the shares, and by three founders (Arne Nilsson, Claes Rosengren and Stig-Olof Simonsson) who hold a total of 43.8% of the shares. The approximately 350 employees own the remaining 10%. Following negotiations with SYSteam’s main shareholders, ErgoGroup has bought more than 90% of the shares and hereby announces that it will make the mandatory offer to buy the remaining shares in the company. ErgoGroup thus wishes to acquire all of SYSteam’s operations in Sweden, Norway, Finland and Denmark with effect from 1 January 2007. The value of this transaction is MSEK 1,100.
The operations that are now being taken over by ErgoGroup comprise a portfolio of around 3,800 customers, are expected to achieve revenues of MSEK 1,400 in 2006 and have around 1,030 employees in around 50 offices in the Nordic region.
Read MoreTNT is continuing to drive through an expansion programme designed to strengthen its strategic infrastructure and enhance its customer service levels across the UK and Ireland.
The programme, spanning an 18-month period stretching into the first half of 2007, has already seen TNT Express Services open a National Customer Contact Centre, three new depots, a fashion clothing distribution centre and a state-of-the-art archiving facility, creating in excess of 700 new jobs.
It began when the company bucked the trend for transferring customer call centres overseas when it delivered 240 new jobs in the North East by opening a sophisticated customer help centre at Team Valley, near Gateshead.
New operational depots in the North West of England and Scotland, namely Preston, Glasgow and Liverpool are, and will be, providing an additional 300 new roles in the fast moving, time sensitive world of express delivery.
In the Midlands, TNT opened a 700,000 square feet warehouse as part of a long-term agreement with high street clothing retailer, Primark. The new and extended clothing distribution centre is expected to create up to 250 new jobs.
The second phase of the programme will see new and upgraded depots established in South Wales and Northern Ireland during 2007.
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