Brands Merge to Claim ‘UK’s Largest Privately Owned Logistics Business’
23rd November 2018
There is a major new name on Britain’s logistics map this morning, with the creation of EV Cargo, which its founders claim is now the largest privately owned logistics business in the UK.
Created by Hong Kong-based investor EmergeVest, and with claimed revenue of £850 million, EV Cargo has been formed by the merger of software specialist Adjuno, Allport Cargo Services, CM Downton, Jigsaw, NFT and Palletforce into a corporate structure under a new single brand. However, confusingly the company says that each of the six companies will retain its own identity to continue to manage supply chains for the world’s leading brands. NB:Logistics Business has asked for clarity on this and will update.
EV Cargo includes four main operating segments: Express, Global Forwarding, Logistics and Technology. Operating under the group structure, EV Cargo will adopt a cargo-centric approach, focusing on customer needs across the entire supply chain by bringing together the best people, processes, technology and networks. Championing innovation and sustainability, EV Cargo will maximise opportunities for efficiency and growth across existing and new markets. Continued investment across the network will fuel growth, drive acquisitions and ensure EV Cargo is powered by the best technology.
Craig Sears-Black, Adjuno chief executive, said: “With the collective force of EV Cargo, Adjuno will have the unrivalled opportunity to unite trading communities in the retail and consumer product industries like never before. EV Cargo will be powered by technology and we look forward to spearheading that charge with our industry-leading B2B and supply chain management software solutions.”
John Lau, Cargo Services Group chief executive, said: “We are pleased to play a leading role in the creation of EV Cargo, which is an important milestone in the development of the Cargo Services Group and a natural continuation of our involvement in EmergeVest. We remain committed to Allport Cargo Services and Adjuno on a long-term strategic basis. By joining our businesses together, we expect to provide our customers with an extended range of leading and innovative services, whilst continuing to invest in technology-enabled supply chain services.”
Heath Zarin (above), EV Cargo chief executive, said: “We are excited to announce the creation of EV Cargo, bringing together our UK logistics and technology platform into a unified £850 million corporate structure. EV Cargo will continue our existing strategy of delivering mission-critical supply chain services powered by people, technology, innovation and sustainability. By working closer together and creating additional capabilities, we will provide new and existing customers with access to a wider range of leading-edge integrated solutions.”