Portfolio company update - acquisition

Summary by AI BETAClose X

Logistics Development Group plc has announced that its portfolio company, WS Holdco Limited, in which LDG holds a 50.7% interest, has acquired EV Cargo Solutions and Distribution Limited. This acquisition is expected to significantly strengthen WS Holdco's position in the logistics sector, enhancing its scale, capabilities, and customer reach. The combined group is projected to generate annual revenues exceeding £300 million, benefiting from expanded operational expertise, digital capabilities, and a broader customer base, which is anticipated to unlock cross-selling opportunities and drive efficiencies.

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