The UK division of global logistics provder, Yusen Logistics, has acquired ILG — and e-commerce delivery and fulfilment specialist.
Logistics
This acquisition is expected to result in a 12% revenue growth for Yusen Logistics, which would push them closer to being one of the country’s top 10 logistics providers.
“This acquisition reinforces our commitment to continued investment in the UK and we’re delighted to be joining forces with ILG,” commented Andy Fitt, managing director of Yusen Logistics (UK). “Our businesses complement each other perfectly and together we bring a new and compelling proposition to the market.”
“Partnering with Yusen Logistics represents a huge opportunity for our customers and our people ILG,” added managing director, Mike Stephenson. “Going forward, our customers will see new, enhanced services as well as the familiar high standards of care they’ve come to expect from us.”
This strategic alliance connects Yusen’s services with ILG’s specialist knowledge, people and infrastructure to deliver full end-to-end B2B and B2C supply chain solutions to an industry high standard.
As part of the appropriate acquisition process, Yusen Logistics UK utilised the services of Eversheds Sutherland for commercial and legal advice, together with BDO for financial due diligence. No changes to the current ILG management team are expected.