MBO for Logistex

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Automated logistics systems supplier Logistex has completed a management buyout from Melrose plc. The business has been acquired by the existing seven-man management team led by managing director Jerry Woodhouse.

Melrose acquired Logistex as part of its takeover of the FKI group three years ago. Since then the business was re-engineered and re-directed towards the future and the way that the team could see the industry evolving.

This has included a move away from manufacturing – removing the cost and constant pressure of finding work to feed a factory –to become a fourth party integrator. Logistex now provides a project integration and management service by sourcing equipment and services from “best in breed” suppliers together with its own software and IT systems.

Woodhouse said: “The big difference the MBO will provide is that we now have the freedom and flexibility to deliver the solutions, services and standards to meet the needs of a fast-changing international marketplace. We have an experienced, qualified and well trained staff of some 225 with outstanding expertise in all the key disciplines and are full equipped to tackle most projects.”

The company has continued to maintain software development and systems in-house and recently launched Reflex Warehouse software – a comprehensive package of functionalities and features with users only paying for those they decide to use.

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