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Xpediator buys freight forwarder and international courier Regional Express

LBR Staff Writer Published 07 November 2017

UK-based freight management services provider Xpediator has acquired freight forwarder and international courier Regional Express.

Based in Hampshire of England, Regional Express is an international B2B freight forwarding and courier business that carries out operations in Europe, North America, South America, Africa, Asia and Australia

Through its bases in Dorset and Hampshire, Regional Express offers road, sea and air freight services to the customers.

The company provides competitive door-to-door services, VAT registrations and freight forwarding services to Amazon Global Selling.

With around 690 people and 11 European offices, the combined group now operates from six sites in the UK.

The deal includes an initial consideration of £1.2m, comprising of £1.08m in cash and £0.12m in new Xpediator ordinary shares.

Based on the future trading performance, Xpediator will also pay up to £0.7m in cash to Regional Express.

Xpediator CEO Stephen Blyth said: "Regional Express is an exciting profitable niche operator and one which will fit well into the Xpediator Group, adding significantly to our existing air and sea freight operations, two areas where we have been looking to expand our presence.

“We also expect there will be a number of synergistic opportunities through offering Regional's clients the wider services of the Xpediator Group in particular in warehousing and fulfilment, plus our European Network.”

In October, Xpediator also acquired international freight forwarder Benfleet Forwarding.

Based in Basildon of England, Benfleet is an international freight forwarding business, which is engaged in the movement of flooring, machinery, household goods and garments.

The firm manages an asset-light operation to offer freight forwarding services, including road transport and ocean freight shipments.

Image: Xpediator has acquired freight forwarder and international courier Regional Express. Photo: courtesy of PinkBlue / FreeDigitalPhotos.net.