Imperial Holdings said today that it has agreed to purchase Palletways Group, a UK-based freight handler, for £162.9 million.
Imperial’s chief executive, Mark Lamberti, was quoted by Reuters news agency as saying: “Palletways’ business model and geographic reach will be complementary to our existing services and networks in the logistics sector.”
On its website Palletways is described as “Europe’s largest provider of express palletised distribution services, with a strategically positioned network of depots and hub operations across 20 European countries”.
The deal is subject to approval by European competition authorities.
