Major investment in electric vehicles

DX (Group) PLC

28 June 2023

 

AIM: DX.

DX (Group) plc

("DX" or "the Group" or "the Company")

£3m investment in Electric Vehicle Fleet

 Supports IKEA partnership

DX, the provider of delivery solutions, including parcel freight, secure courier, and logistics services, is pleased to announce a further £3 million investment in new electric vehicles, to be used exclusively for the Group's delivery and logistics partnership with IKEA, the home furnishings retailer.

This new investment will be used to add 53 new electric vans to the fleet and is the Group's second major round of funding in electric vehicles for its IKEA contract. It follows the launch of an initial tranche of electric vans for IKEA in August 2022, and adds significantly to the existing £750,000 of investment in the IKEA-dedicated electric fleet. The new vans will be operating from six DX/IKEA depots in Heathrow, Milton Keynes, Reading, Sheffield, Southampton, and Willenhall.

The new vehicles are the award-winning Maxus e-Deliver 9 marque vans, and have an operational carrying capacity of 1,162kg and a single-charge range of over 219miles, with zero output emissions. The vehicles will be dual-liveried with DX and IKEA branding.

IKEA has been a DX customer for over seven years, and uses the Group's logistics and 2-Man services in support of its online and retail operations. DX is also IKEA's largest provider of 2-Man home delivery services in the UK. 

This £3 million investment is in addition to DX's wider £20 million-£25 million three-year, capital investment programme, which is now in its second year. Investment to date has been focused on depots, equipment including vehicles, and in technology. DX is in the process of increasing the overall number of electric vehicles within its fleet, particularly for deliveries in Central London.

John Welsh, Fulfilment Sourcing Manager at IKEA UK & Ireland, commented:

"As our largest provider of 2-person home delivery services in the UK, our partnership with DX is fundamental for IKEA in reaching our 100% zero-emission goals for home delivery. This latest investment therefore brings a significant and very positive development in our journey together."

Ian Bolton, Managing Director for DX Logistics / 2-Man, commented:

"We share IKEA's goal to move to more environmentally-friendly business practices, including the use of electric vehicles for deliveries, and are delighted that, with this investment, we will further reduce carbon emissions while maintaining the highest possible service standards."

Enquiries:

DX (Group) plc		T: 020 3178 6378 (c/o KTZ
www.dxdelivery.com		Communications)
Ian Bolton, Managing Director for DX Logistics / 2-Man
David Mulligan, Chief Financial Officer
KTZ Communications		T: 020 3178 6378
Katie Tzouliadis/Robert Morton

NOTES TO EDITORS:

About DX (Group) plc

www.dxdelivery.com

DX is a well-established provider of a wide range of delivery services to both business and residential addresses across the UK and Ireland. Established in 1975 as a Document Exchange service to the legal sector, DX now provides one of the widest ranges of overnight delivery services in the market, as well as comprehensive logistics services. The business transports items ranging from confidential documents to large, awkward-to-handle freight that is unsuitable for standard conveyors.

DX is currently in its second year of a major capital investment programme, which is investing between £20 million and £25 million across the Group to support growth plans. The funds are mainly being used to enlarge and upgrade the Group's depot network, as well as expand its parcel-handling equipment and to enhance IT systems.

 

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