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CitySprint Announes Acquisition of The Owner Driver Network Ltd PDF Print E-mail
Friday, 13 October 2006

ImageCitySprint has announced its acquisition of the national multi-drop and SameDay Courier business of the Owner Driver Network Ltd from ODN Logistics (ODN). ODN will continue to operate in its HGV and pallet market under the name ODN Logistics.

This acquisition further strengthens CitySprint’s position within the UK SameDay Courier industry and will add over £3m in annual revenue to CitySprint. CitySprint is well established and recognised in providing tailored courier solutions to the Medical/Pharmaceuticals and Office Products sectors.

The deal has brought two major business customers to CitySprint; CitySprint will now provide SameDay Courier services to them through its extensive UK network of ServiceCentres. One is a multi-location business-to-business supplier of office and computer products and the other is a leading distributor of pharmaceuticals to hospital pharmacies and local pharmacies in the UK and has 19 sites across the country.

Andrew Bernard, Chief Executive, said: “This is an exciting development for CitySprint and opens up a number of opportunities for us. We look forward to working with our new customers and are sure that this is the start of what we hope to be a very long and happy working relationship.” Terry King, Managing Director of ODN, said: “I am delighted that this deal enables my clients’ greater support for their Courier needs, whilst enabling ODN to refocus on its HGV and Pallet business."

 
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