The UK division of Yusen Logistics has acquired e-commerce delivery and fulfilment specialist ILG and it hopes it will add 12 per cent in revenue growth for the company.
The freight forwarder and logistics firm completed the acquisition on 1 August and hopes the deal will help it become one of the UK’s top 10 logistics providers. No details of the financial transaction were revealed.
Established in 1990, ILG is a fast-growing company providing e-commerce warehousing, fulfilment and delivery, with an added specific expertise in the fashion and beauty verticals.
ILG has posted significant growth over the last decade; quadrupling their facilities, which now offer over 175,000 square feet of warehousing, with over 220 employees serving more than 700 clients worldwide.
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.
This strategic alliance connects Yusen’s services with ILG’s specialist knowledge, people and infrastructure to deliver full end-to-end B2B and B2C supply chain solutions to an industry high standard.
By placing the customers’ requirements at the centre of the operation, with tailored solutions to safeguard and protect products at every stage of the ecommerce process, ILG and Yusen Logistics will seek to make the seamless fulfilment and delivery an integral part and extension of the customer’s brand deliverable.
Yusen Logistics (UK) managing director (MD), Andy Fitt said: “This acquisition reinforces our commitment to continued investment in the UK and we’re 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 MD, Mike Stephenson added: “Partnering with Yusen Logistics represents a huge opportunity for our customers and our people. Going forward, our customers will see new, enhanced services as well as the familiar high standards of care they’ve come to expect from us.”
No changes to the current ILG management team are expected, and it is very much ‘business as usual’ for all ILG customers. ILG and Yusen Logistics said they share a commitment to ensure the new alliance will deliver a successful future for all customers and employees.