17 Jan 2022 07:00
17 January 2022
XPEDIATOR PLC
("Xpediator" or the "Company" or the "Group")
New Warehouse in Roosendaal, Netherlands.
Xpediator, (AIM: XPD), a leading provider of freight management services across the UK and Central and Eastern Europe, is pleased to announce its subsidiary, Delamode International Logistics Limited, has signed a 10 year lease for a new, purpose built 180,000 sqft (35,000 pallet spaces) storage, fulfilment and distribution warehouse in Roosendaal, Netherlands. Occupation of the site will commence from March 2023, once construction which will include a significant solar element, has been completed.
Xpediator has also agreed to take 6,500 pallet spaces in a partner warehouse for 12 months also in Roosendaal, from March 2022 to meet existing Delamode International Logistics customer demand, with the option to increase to 15,000 pallet spaces. Several of their customers have now concluded in a post Brexit market, that splitting their stock between the UK and mainland Europe is the best course of action to maintain the shortest possible time to bring products to market.
Roosendaal is well located for the onward transport to the rest of continental Europe by road and also conveniently located for the import of product via the two major container ports of Rotterdam and Antwerp. The lease will bring much needed space to meet customer demand.
The Company will provide a trading update for the 12 months to 31 December 2021 at the end of this month.
Wim Pauwels, CEO of Xpediator, said: "The decision to take a long lease on this warehouse reflects demand and the post Brexit strategies of our clients to hold stock in both the UK and mainland Europe and follows on from the recent opening of our new 200,000 sqft warehouse extension in Southampton. We are a growing business, so this extension together with investments we are making across the business is all part of maximising our organic growth potential. We look forward to updating our shareholders on our overall 2021 performance later this month."
Xpediator plc | Tel: +44 (0)330 043 2395 |
Wim Pauwels, Interim Chief Executive Officer |
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Mike Williamson, Chief Financial Officer |
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Cenkos Securities plc (Nominated Adviser & Broker) | Tel: +44 (0)20 7397 8900 |
Giles Balleny, Max Gould (Corporate Finance) |
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Alex Pollen, Michael Johnson (Sales) |
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Novella Communications (Financial Public Relations) | Tel: +44 (0)20 3151 7008 |
Tim Robertson |
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Fergus Young |
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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.