6th Aug 2021 11:45
Xpediator PLC - Braintree, England-based freight management services provider - Forms a strategic partnership with e-commerce fulfilment firm, Synergy Retail Support Ltd. Synergy has a strong presence within the fashion and health & beauty sectors, and a growing presence in food & beverage, gift & toys, household brands, and general department stores, Xpediator notes. As Synergy's Northampton warehouse is close to full capacity, under the new partnership, Synergy will utilise the currently vacant space in Xpediator's warehouse in Braintree to expand.
"This partnership represents an opportunity for both businesses to benefit, with Synergy making use of Xpediator's logistics capacity to expand its business and Xpediator gaining exposure to an important growth sector whilst maximising revenue from its warehouse capacity," says Chief Executive Robert Ross.
Current stock price: 78.35 pence
Year-to-date change: More than doubled from 33.00 pence on December 31
By Amrit Sahota; [email protected]
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