Wincanton PLC
23 December 2004
23 DECEMBER 2004
Wincanton acquires German specialist midiData
Creates leading position in high-tech logistics
European supply chain solutions provider Wincanton is acquiring specialist
high-tech logistics provider midiData, based in Langen, Germany from Sirva, Inc.
for approximately £7m in cash.
The acquisition will strengthen Wincanton's existing position in the specialist
area of logistics services for high-tech customers. The new combined business
unit will operate under the brand 'Wincanton midiData', and will be a leading
operator in this sector in Germany. The enlarged business will have a strong
European reach and an excellent customer and skill base.
Paul Bateman, Wincanton's Chief Executive, explains: 'Wincanton midiData will be
a strong, highly skilled business that will have a leading position in the area
of high-tech logistics. This move will enable us to broaden our service offering
for our customers' benefit. Moreover we will increase our pan-European scope in
this area and enhance our skill base, benefiting from midiData's well developed
specialist IT systems.
Expansion in the high-tech sector underlines our commitment to developing our
position as a leading pan-European provider of solutions for complex supply
chains.'
The acquisition is conditional upon appropriate merger clearances from
regulatory authorities.
Further information from:
Wincanton plc
Gerard Connell
Group Finance Director
Charles Carr
Group Communications Director
Tel: +44 (0) 1963 82 82 82
E-Mail: charles.carr@wincanton.co.uk
Buchanan Communications
Charles Ryland
Jeremy Garcia
Tel: +44 (0) 020 7466 5000
Editors Notes
midiData concentrates on logistics services for complex installation and order
fulfilment services. Warehousing and European distribution services for
sensitive high-tech products complement the product offering. The business
employs some 300 employees at 15 locations in Germany, the Netherlands and the
UK.
In its market sector the company is a leading provider.
This information is provided by RNS
The company news service from the London Stock Exchange
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