Rico Logistics has completed the acquisition of DHL UK’s Same Day courier business, following an investment in the company by the TVS Group, which will see the organisation grow to a value of £80 million.
Rico specialises in same day logistics and parts distribution operations across ten countries in Europe.
It hinted at more acquisitions to come saying: “This acquisition is the first in Rico’s ambitious growth plan…”
It said the acquisition would increase its fleet to more than 1,400 couriers and 35 locations in the UK and enable its customers to benefit from greater resources, improved responsiveness, and reduced waiting times.
“This acquisition has launched our ambitious growth plan with considerable momentum and will enable us to generate increased exposure for our brand and the range of services we offer,” said director of sales and marketing at Rico, Martin Cheeseman.