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Xpediator buys Anglia Forwarding Group for up to £4.2m

By BFN News | 07:55 AM | Monday 04 June, 2018


Freight management provider Xpediator said it had agreed to acquire UK-based forwarder Anglia Forwarding Group for an initial payment of £2.2m. The payment value included an upfront payment of £1.5m plus a further cash payment reflecting AFGL's surplus working capital position at completion of around £700k. A deferred cash consideration of up to £2.0m may also be payable, contingent on profits generated by AFGL over the two years ending 31 May 2020. The acquisition was Xpediator's third since IPO and the board expected it would be earnings enhancing immediately, the company said. Story provided by StockMarketWire.com

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