Crossflight has acquired the business and assets of the financial sector express delivery company Global Options Worldwide Express Limited.
The acquisition was closed at Crossflight’s HQ at London Heathrow for an undisclosed amount and is part of Crossflight’s ongoing growth strategy.
Eddie Meyer, MD of Global Options and CEO of South African parent company Globeflight, commented: “It was important for us to find an extremely high-level operator in the UK who would acquire Global Options and we found that only Crossflight could meet our criteria of exceptional service levels together with commitment to staff, growth and technology.”
Richard Stoughton, founder and Chairman of Crossflight, added: “Our strategy is driven by both organic sales growth and acquisition.
“We grew our sales organically by over 30% in the last year, and our EBITDA by over 40%. Crossflight and Global Options are both principally B2B service providers with an outstanding record of service excellence; this acquisition strengthens our businesses significantly and provides both customers and staff with advanced and cohesive quality and care that we believe is hard to rival.”
Established in 1987, Crossflight delivers globally for 1,500 customers across multiple sectors.
Source: Post and Parcel