Wincanton has agreed to acquire 100 per cent of the shares in Caledonia Bidco Limited, the holding company of Cygnia Logistics Limited, a specialist mid-market eCommerce and multichannel eFulfilment provider, from Crescent Capital.
Cygnia will continue to operate as a brand within the broader Wincanton Group, enabling the combined business to leverage Cygnia’s reputation as a mid-market multichannel fulfilment provider, alongside Wincanton’s reputation in eCommerce supply chain services.
James Wroath, CEO of Wincanton, said: "This acquisition is a significant step forward for our eCommerce proposition and I am delighted to welcome our new colleagues at Cygnia.
“The transaction is perfectly aligned with our strategy to capitalise on the opportunities presented by the shift to online retail and will position us well to benefit from many of the changes we are seeing in the broader logistics sector.”
Glenn Lindfield, CEO of Cygnia, added: “This transaction brings together the scale and supply chain expertise of Wincanton with the agility and flexibility of the Cygnia business and will enable us to grow at pace in this important market.”