News / Xpediator scoops up rival Benfleet Forwarding for £6.5m: first takeover since IPO

UK freight forwarder and e-commerce logistics provider Xpediator, which operates the Delamode brand, has completed its first acquisition following its recent initial public offering on the London Stock Exchange’s Alternative Investment Market (AIM).

This morning its announced it had agreed to buy Benfleet Forwarding for £6.55m; a deal that will see £3.95m paid in cash and £2.6m new Xpediator ordinary shares issued.

Basildon-based Benfleet specialises in ocean freight forwarding shipments, principally on Asia-UK routes and primarily involving flooring, machinery, household goods and ...