Yusen Logistics buys UK e-commerce delivery firm
The UK division of Yusen Logistics has bought e-commerce delivery and fulfilment specialist ILG.
The purchase will add 12 per cent revenue growth for Yusen Logistics and pushes the firm towards being one of the UK’s top 10 logistics providers, it said.
Yusen Logistics said no changes to the current ILG management team are expected, and it is very much “business as usual” for all ILG customers.
The logistics firm’s growing white goods and strong independent retailer network in the UK has attracted a number of appliance brands, with Chinese firm Haier and Hoover Candy announcing tie-ups over the past 18 months.
Yusen Logistics UK managing director Andy Fitt said: “This acquisition reinforces our commitment to continued investment in the UK and we’re delighted to be joining forces with ILG.
“Our businesses complement each other perfectly and together we bring a new and compelling proposition to the market.”
ILG managing director Mike Stephenson added: “Partnering with Yusen Logistics represents a huge opportunity for our customers and our people. 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.”
Established in 1990, ILG has more than 175,000 square feet of warehousing and 220 employees serving more than 700 clients worldwide.
Yusen Logistics said e-commerce in the UK is the country’s fastest growing sector and its “strategic alliance” with ILG was a direct response to changing market behaviour.
Yusen Logistics provides international supply chain services, which will give ILG and its customers access to expertise in customs brokerage, cross-border logistics, 82 locations and seven million square feet of warehousing across Europe.