Acquisition (2659D)
14 Mayo 2012 - 5:00AM
UK Regulatory
TIDMALG
RNS Number : 2659D
Autologic Holdings PLC
14 May 2012
AIM: ALG
AUTOLOGIC HOLDINGS PLC
Autologic acquires assets of Spirit Motortransport Limited
Walon Limited, a subsidiary of Autologic Holdings plc, has
acquired certain assets of UK based Spirit Motortransport Limited
("Spirit") after it was placed in Administration on 11 May
2012.
The assets acquired comprise car transporters, IT and office
equipment along with the goodwill attaching to the Spirit name.
Avril Palmer-Baunack CEO of Autologic Holdings plc
commented,
"We have taken the opportunity to acquire further key assets
that strengthen our operational transporter fleet which is the
largest in the UK following the failure of yet another competitor
in the fast-consolidating automotive logistics sector. This follows
our acquisition in 2010 of MCD/Autocarriers and earlier this year
of Sensible Transport, also both out of administration".
Enquiries:
Autologic Holdings plc
Avril Palmer-Baunack, CEO T: 01604 664458
Andrew Somerville, Group
FD
Cenkos Securities plc
Ian Soanes T: 020 7397 8900
Camilla Hume
Biddicks
Katie Tzouliadis T: 020 3178 6378
This information is provided by RNS
The company news service from the London Stock Exchange
END
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