Jacobs buys two in transporting
9th October 1997, Page 12
9th October 1997
Page 12
Page 12, 9th October 1997
— Jacobs buys two in transporting
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Keywords :
Corporate Finance, Mergers And Acquisitions, Political Economy, Dsv, Bus, Contracting With The United States Government, Business / Finance
• Jacobs has expanded its interests in the car transport and vehicle recovery markets with two company purchases.
The £3.1m acquisition of Tiptoe and its subsidiary, Abbeydale Storage, was made to complement Jacobs' Sheertruck car transport business. It has also spent £350,000 on B&C Breakdown Services to fit in with its Arcade Traffic Management subsidiary.
Arcade's managing director, David Brinklow, says the businesses are ideal bolt-on acquisitions: "Both companies will retain their names, liveries, management and drivers," he says. "And we're advertising for seven more drivers for B&C."
Danish group DSV is finalising the acquisition of Samson Transport from Geodis of France; it expects to complete the deal before the end of the month.
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David Brinklow