The deal is key to Yusen’s plans to become one of the UK’s top ten logistics providers.
ILG is a fast-growing market leader in e-commerce warehousing, fulfilment and delivery, with an added specific expertise in the fashion and beauty sectors. Founded in 1990, the business has grown significantly over the last decade.
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 seven million square feet of warehousing across Europe.
- Pictured: Yusen Logistics (UK) managing director Andy Fitt and ILG MD Mike Stephenson.
Yusen Logistics (UK) managing director Andy Fitt said: "This acquisition reinforceds our commitment to continued investment in the UK and we are 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, enhancedservices 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.