WINCANTON ACQUIRES GERMAN SPECIALIST MIDIDATA
Communiqué de Wincanton
REF: WINDATE: 23.12.04
Source : http://www.wincanton.co.uk/
WINCANTON ACQUIRES GERMAN SPECIALIST MIDIDATA
-Creates leading position in high-tech logistics -
European supply chain solutions provider Wincanton is acquiring specialist high-tech logistics provider midiData, based in Langen, Germany from Sirva, Inc. for approximately £7m in cash.
The acquisition will strengthen Wincanton's existing position in the specialist area of logistics services for high-tech customers. The new combined business unit will operate under the brand 'Wincanton midiData', and will be a leading operator in this sector in Germany. The enlarged business will have a strong European reach and an excellent customer and skill base.
Paul Bateman, Wincanton´s Chief Executive, explains: "Wincanton midiData will be a strong, highly skilled business that will have a leading position in the area of high-tech logistics. This move will enable us to broaden our service offering for our customers´ benefit. Moreover we will increase our pan-European scope in this area and enhance our skill base, benefiting from midiData´s well developed specialist IT systems.
Expansion in the high-tech sector underlines our commitment to developing our position as a leading pan-European provider of solutions for complex supply chains."
The acquisition is conditional upon appropriate merger clearances from regulatory authorities.
Further information from:
Wincanton plc.
Gerard Connell
Group Finance Director
Charles Carr
Group Communications Director
Tel: +44 (0) 1963 82 82 82
E-Mail: charles.carr@wincanton.co.uk
Buchanan Communications
Charles Ryland
Jeremy Garcia
Tel: +44 (0) 020 7466 5000
Editors Notes
midiData concentrates on logistics services for complex installation and order fulfilment services. Warehousing and European distribution services for sensitive high-tech products complement the product offering. The business employs some 300 employees at 15 locations in Germany, the Netherlands and the UK. In its market sector the company is a leading provider.
___________________________________________________
REF: WINDATE: 23.12.04
Source : http://www.wincanton.co.uk/
WINCANTON ACQUIRES GERMAN SPECIALIST MIDIDATA
-Creates leading position in high-tech logistics -
European supply chain solutions provider Wincanton is acquiring specialist high-tech logistics provider midiData, based in Langen, Germany from Sirva, Inc. for approximately £7m in cash.
The acquisition will strengthen Wincanton's existing position in the specialist area of logistics services for high-tech customers. The new combined business unit will operate under the brand 'Wincanton midiData', and will be a leading operator in this sector in Germany. The enlarged business will have a strong European reach and an excellent customer and skill base.
Paul Bateman, Wincanton´s Chief Executive, explains: "Wincanton midiData will be a strong, highly skilled business that will have a leading position in the area of high-tech logistics. This move will enable us to broaden our service offering for our customers´ benefit. Moreover we will increase our pan-European scope in this area and enhance our skill base, benefiting from midiData´s well developed specialist IT systems.
Expansion in the high-tech sector underlines our commitment to developing our position as a leading pan-European provider of solutions for complex supply chains."
The acquisition is conditional upon appropriate merger clearances from regulatory authorities.
Further information from:
Wincanton plc.
Gerard Connell
Group Finance Director
Charles Carr
Group Communications Director
Tel: +44 (0) 1963 82 82 82
E-Mail: charles.carr@wincanton.co.uk
Buchanan Communications
Charles Ryland
Jeremy Garcia
Tel: +44 (0) 020 7466 5000
Editors Notes
midiData concentrates on logistics services for complex installation and order fulfilment services. Warehousing and European distribution services for sensitive high-tech products complement the product offering. The business employs some 300 employees at 15 locations in Germany, the Netherlands and the UK. In its market sector the company is a leading provider.
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