Eddie Stobart to purchase iForce Group

▤ Summary

Eddie Stobart has conditionally agreed to buy iForce Group for about £45 million. The deal depends on Eddie Stobart completing its stock market flotation at the end of April 2017. Eddie Stobart plans to use the acquisition to strengthen its core offering and expand its e-commerce capabilities. The company also says it is shifting its focus toward manufacturing, industrial, bulk, and e-commerce sectors. The flotation is expected to raise £112 million in net proceeds to help fund the purchase.

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