DX is to sell its Business Direct operations to Bybox for an undisclosed sum. Business Direct provides in-night logistics services for field engineers, distributing parts through a network of 365 ParcelXchanges and via an in-boot service.
Stuart Miller, CEO of ByBox, said: “Having already acquired Echo, a leader in Technical Resource services earlier in the year, we are clearly committed to providing our customers with the most comprehensive and competitive range of field service solutions available on the market today.”
The deal is due to be completed on 21st December.
Petar Cvetkovic, CEO of DX, said the profit from the sale of Business Direct would allow DX to increase the investment and capacity in core B2B and B2C services.
“Business Direct is an excellent business providing efficient time-critical services to a diverse Customer base. Since its acquisition by DX in 2008 we have invested to grow the ParcelXchange network and develop its range of services.
“Following the approach from ByBox, the sale presents an excellent opportunity for Business Direct to be owned and managed by a company solely focused on the provision of In Night services and provides Customers with access to a significantly enhanced network of drop boxes.”