Import Services Limited becomes part of Xpediator

Xpediator, part of the Delamode group, has announced the completion of the acquisition of Import Services Limited (ISL). Focused on Third Party Logistics (3PL) storage, handling and transportation, ISL has built a customer base with a focus on clients who service brands in the toy, leisure and sports sectors.

The acquisition will add approximately 40,000 sq m of warehousing and provide opportunities to cross sell current Group services, in particular, European freight forwarding. ISL generated revenues of £21.7m ($28.4m) and unaudited normalised profit before tax of £1.8m ($2.36m) for the year ended December 31, 2017.

Xpediator will combine the group’s existing Southampton facilities and activities with ISL. At Felixtstowe, the group will now have the opportunity to develop a further 20,000 sq m of warehousing.

Commenting on the Acquisition, Stephen Blyth Chief Executive, said, “It is a natural fit with our business, as there is scope to combine our existing facilities in Southampton, expand our capabilities around port services and provides an opportunity to occupy a further 20,000 sq m of warehousing space in the future.”

ISL’s senior management will remain in place for at least two years.

Source: Xpediator