Acquisition

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

Companies

Wincanton (WIN)
UK 100

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