Xpediator PLC Strategic Partnership (7684H)
August 06 2021 - 2:00AM
UK Regulatory
TIDMXPD
RNS Number : 7684H
Xpediator PLC
06 August 2021
6 August 2021
XPEDIATOR PLC
("Xpediator" or the "Group")
Agreement for UK Strategic Partnership with e-fulfilment leader
Synergy Retail Support
Xpediator (AIM: XPD), a leading provider of freight management
services across the UK and Central and Eastern Europe is pleased to
announce it has formed a strategic partnership with the Northampton
based e-Commerce fulfilment expert, Synergy Retail Support Limited
("Synergy").
Established in 2009, Synergy provides bespoke B2C and B2B
fulfilment and e-commerce returns services from its 148,000 sq ft
warehouse in Northampton. Working with a broad client base, from
eCommerce brands to high street retailers, Synergy has a strong
presence within the Fashion and Health & Beauty sectors, and a
growing presence in Food & Beverage, Gift & Toys, Household
FMCG brands, and general department stores.
Demand for Synergy's services is high and, as its Northampton
warehouse is close to full capacity, under the new partnership,
Synergy will utilise the currently vacant space in Xpediator's
warehouse in Braintree to expand. Already, some of Synergy's
clients have taken space in Braintree with discussions also
underway for further clients to utilise space.
E-commerce fulfilment is a specialist and technology led area of
the logistics market, one in which Xpediator is looking to
establish a significant presence, and which is experiencing strong
market fundamentals. This partnership represents an opportunity for
both businesses to benefit, with Synergy making use of Xpediator's
logistics capacity to expand its business and Xpediator gaining
exposure to an important growth sector whilst maximising revenue
from its warehouse capacity.
Robert Ross, Chief Executive of Xpediator, said:
"Synergy is a great business with strong management and an
excellent technology-led product offering. Its client list speaks
for itself and we are very pleased to have agreed this partnership
which has already started to generate revenues for both companies.
We are looking forward to maximising the potential for our
Braintree warehouse and then looking beyond that, to see where else
we might collaborate for mutual advantage."
Gary Rees, Chief Executive of Synergy, said:
"We have grown rapidly by consistently focusing on providing
excellent customer service. Each one of our clients receives a
bespoke service and we believe this has been the key to our success
to date. Now we need more space to accommodate demand from our
clients and by partnering with Xpediator we are joining with a much
larger business which can support our immediate expansion plans,
and longer term there may be opportunities to expand our services
into new markets outside the UK."
Xpediator plc Tel: +44 (0)330 043
2395
Robert Ross, Chief Executive Officer
Mike Williamson, Chief Financial Officer
Cenkos Securities plc (Nominated Adviser & Tel: +44 (0)20 7397
Broker) 8900
Giles Balleny, Max Gould (Corporate Finance)
Alex Pollen, Michael Johnson (Sales)
Novella Communications (Financial Public Relations) Tel: +44 (0)20 3151
7008
Tim Robertson
Fergus Young
About Xpediator:
Xpediator is a well-established international provider of
freight management services. Established in 1988, the Group's
international network of offices provides road, sea and air freight
services, together with logistics and warehousing in the UK and
Romania. The business offers integrated freight management within
the supply chain logistics and fulfilment sector, through its three
main areas: freight forwarding, logistics & warehousing and
transport services. With headquarters in Braintree, Essex and
country offices in nine CEE countries across 38 sites, the Group
currently employs over 1,200 people and was successfully listed on
London's AIM market in 2017.
For more information, please visit: www.xpediator.com .
Alternatively, do follow us on Twitter at @Xpediator or find us
on LinkedIn at Xpediator Plc .
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