The UK division of global logistics provider Yusen Logistics announced the acquisition of e-commerce delivery and fulfilment specialist ILG.
It is anticipated that the acquisition (completed on the 1st August 2018) will result in a 12% revenue growth for Yusen Logistics pushing them towards being one of the UK’s top 10 logistics providers.
Established in 1990, ILG is a fast-growing logistics provider for e-commerce warehousing, fulfilment and delivery. ILG’s commitment to delivering the highest standards of service has led to significant growth over the last decade; quadrupling their facilities, which now offer over 175,000 square feet of warehousing, with over 220 employees serving more than 700 clients worldwide.
Yusen Logistics UK’s expansion into the UK’s fastest growing sector (e-commerce) is a direct response to changing market behaviour. Yusen Logistics provides full end-to-end international supply chain services which will now give ILG and its customers additional expertise in customs brokerage, cross-border logistics, and access to a further 82 locations with 7 million square feet of warehousing across Europe.
This strategic alliance connects Yusen’s services with ILG’s specialist knowledge, people and infrastructure to deliver full end-to-end B2B and B2C supply chain solutions to an industry high standard. By placing the customers’ requirements at the centre of the operation, with tailored solutions to safeguard and protect products at every stage of the e-commerce process, ILG and Yusen Logistics will seek to make the seamless fulfilment and delivery an integral part and extension of the customer’s brand deliverable.
Andy Fitt, Managing Director of Yusen Logistics (UK), commented: “This acquisition reinforces our commitment to continued investment in the UK and we’re delighted to be joining forces with ILG. Our businesses complement each other perfectly and together we bring a new and compelling proposition to the market.”
ILG Managing Director, Mike Stephenson, added: “Partnering with Yusen Logistics represents a huge opportunity for our customers and our people. Going forward, our customers will see new, enhanced services as well as the familiar high standards of care they’ve come to expect from us.”
As part of the appropriate acquisition process, Yusen Logistics UK utilised the services of Eversheds Sutherland for commercial and legal advice, together with BDO for financial due diligence. No changes to the current ILG management team are expected, and it is very much ‘business as usual’ for all ILG customers.
ILG and Yusen Logistics share a commitment to ensure that the new alliance will deliver a successful future for all customers and employees.