International freight forwarding company Spatial Global has acquired Hollyport Logistics for an undisclosed consideration, advised by Browne Jacobson.
Spatial Global, which is part of the Keswick Enterprises Group, is headquartered in Castle Donington and was founded in 1980.
Hollyport Logistics is based near London Heathrow and was founded in 2010. Hollyport provides freight and customs services in various sectors, including the IT sectors and operates various international transport services including air, road and sea freight and custom clearance. It also has a dedicated storage, handling and delivery service within a third-party location (3PL) operation in Amsterdam for EU shipments.
The transaction will enhance both parties’ capabilities of international & domestic freight movements, warehousing capabilities and customs brokerage and will offer access to a wider range of carriers.
The Browne Jacobson team comprised partner and head of the firm’s Manchester office, Peter Allen who led on the transaction along with associate Harpinder Nahl. Senior associate Lincoln Darlington advised on real estate aspects and associate Christian Burchardt advised tax.
Peter Allen said: “There is great synergy in the values of both Spatial and Hollyport. They both have solid market strengths in providing high quality logistics and delivery solutions to a diverse customer portfolio, so it makes sense for Hollyport to come into the Spatial fold, in a move that offers both businesses a fantastic opportunity to bolster their international and domestic freight operations.”
Mike Wallis, executive chairman of Spatial Global, said: “The opportunity to acquire Hollyport arose and very early on we saw a business built on the same values that we work to. We are very pleased that all staff at Hollyport Logistics Ltd will remain as they are vital to the process and relationship with the customers and suppliers. We are happy to have a Heathrow base going forward.”
A message from the Editor: Thank you for reading this story on our news site - please take a moment to read this important message: As you know, our aim is to bring you, the reader, an editorially led news site and magazine but journalism costs money and we rely on advertising, print and digital revenues to help to support them. With the Covid-19 pandemic having a major impact on our industry as a whole, the advertising revenues we normally receive, which helps us cover the cost of our journalists and this website, have been drastically affected. As such we need your help. If you can support our news sites/magazines with either a small donation of even £1, or a subscription to our magazine, which costs just £33.60 per year, (inc p&P and mailed direct to your door) your generosity will help us weather the storm and continue in our quest to deliver quality journalism. As a subscriber, you will have unlimited access to our web site and magazine. You'll also be offered VIP invitations to our events, preferential rates to all our awards and get access to exclusive newsletters and content. Just click here to subscribe and in the meantime may I wish you the very best.
We offer an exciting opportunity in the East Midlands for companies to plan innovative advertising campaigns alongside consistently excellent reporting. Our newsletters are sent directly chief executives, chairmen, managing directors and senior managers across the East Midlands. We also reflect on the importance of SMEs, with numerous companies from all sectors – from manufacturing to technology – benefiting from our mix of news and features. If you’re in business, East Midlands Business Link is for you.
Contact us: sales@blmgroup.co.uk
© Copyright 2020 - East Midlands Business Link
By continuing to use the site, you agree to the use of cookies. more information Accept
The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.