Xpediator Plc acquires Nidd Transport Ltd

Xpediator Plc (LON: XPD) has acquired an international groupage freight forwarder and operator, Nidd Transport Ltd.

  • The acquisition of the UK-based company is for a consideration of £4.6 million, which will be funded in cash from the company’s current resources.
  • Nidd Transport Ltd, which specialises on road transport routes into France, Germany, Spain and Portugal has reported revenue of £11.0 million and profit after tax of £0.4 million.
  • The company will be benefited with the potential acquisition in a way that Nidd's concentration on western Europe matches its own focus on Italy and Germany, central and eastern Europe.
  • XPD shares on 6 October 2020, at the time of writing, GMT 09:03 AM, were trading at GBX 26.00, up by 3.00 points or 13.04% against the previous day’s closing price.

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