Nidd Transport acquired by Xpediator in a £4.6m deal -


Road Haulage News and Jobs

Tuesday, 6 October 2020

Nidd Transport acquired by Xpediator in a £4.6m deal

Nidd Transport which generated revenue of £11m in its latest financial year has been acquired by Xpediator in a £4.6m deal.

Nidd Transport, based in Ripon, has been acquired by Xpediator, a provider of freight management services across the UK and Central and Eastern Europe, headquartered in Braintree, Essex.

Nidd Transport employs 65 staff and owns 45 vehicles which, along with subcontracted haulage, operate daily groupage services to Germany, France, Spain and Portugal, while its HQ and a warehouse are valued at £2.1m.

Nidd generated revenue of £11m and operating profit of £500,000 for the year ending 30 April 2020.

Robert Ross, Xpediator chief executive, said: "We have known Nidd Transport for some time and its reputation for being an excellent regional freight forwarder. I am therefore delighted Tony has chosen to entrust us with the future of his business and all the people who work for Nidd. Our aim is simply to continue to grow the company and we are confident we can do so.

"Our client bases are similar but do not have significant overlap and while our services our comparable our geographic focuses are different. There are therefore immediate opportunities to provide greater geographic coverage to both client bases and we expect both existing client bases to benefit from the enhanced service offerings."

Tony White, managing director, Nidd, added: "It was important to me to find the right buyer for our Company and I believe we have done so, ensuring it's long term success with a bright future for the loyal team of colleagues that have supported me over the years.

"While I am stepping away from the business I believe, by becoming part of the Xpediator Group, the future prospects for Nidd will be enhanced, in terms of continuing to provide our clients the high quality service they have enjoyed, together with being able to offer expanded services which will also create opportunities for the business to gain new clients."

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