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168 
P !KAM GROUP TAKEOVER
Page 6
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Eddie snaps up Jimmy in new shopping spree
STOBART GROUP has acquired the road transport and logistics business Irlam Group for f..59.9m to strengthen its position in the transport and logistics industry.
Andrew Tinkler, CEO of the Stobart Group. says: "To me, this is about growth. We're taking out empty miles from the industry."
David Irlam. son of the founder, James Irlam, and a current Irlam shareholder, will join the Stobart Group board. He says: "Both companies are similar. With what Stobart has to offer, this is a win-win situation for everybody.
"The Irlam brand will still be around; it's just coming under a bigger umbrella."
Tinkler outlines the opportunities: "Now we will be able to offer intermodal transport to Irlam customers. We do have plans to grow the business. Both businesses have had strong growth recently."
Stobart Group has also bought the transport infrastructure engineering specialist WA Developments for flOm. and entered into an optional agreement for the acquisition of the entire issued share capital of Carlisle Airport. which owns a site with 460 acres of development land. Stobart plans to develop this as a new North-Western logistics centre. In its regulatory announcement, the group outlines its strategy: "The enlarged group intends to invest in its port and rail interests in order to create an intermodal port facility with road, rail, sea and inland waterway access, which is capable of handling significant cargo volumes and linked to the existing haulage network. "The enlarged group expects to develop its offering in Europe and has put particular emphasis on exploring opportunities with new and existing customers."
• See page 9 for James Irlam's latest results.