6 Aug 2021 07:00
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 & Broker) | Tel: +44 (0)20 7397 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.
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