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Xpediator PLC - New Warehouse Extension in Southampton Port

RNS Number : 8798E
Xpediator PLC
04 March 2020
 

04 March 2020

XPEDIATOR PLC

 

("Xpediator" or the "Group")

 

 

New 200,000 sq ft distribution centre in the Port of Southampton

 

Xpediator (AIM: XPD), a leading provider of freight management services across the UK and Central and Eastern Europe is pleased to announce that its subsidiary, Import Services, the Southampton based port centric logistics company, has signed a 20 year lease with Associated British Ports for a new 200,000 sq ft distribution centre at Southampton's Container Port. The opening of this new facility will take our UK warehousing capability to approximately 700,000 sq ft.

 

Associated British Ports has begun development of the new distribution centre and it is expected to complete in Q1 2021.   

 

The new warehouse site is designed to connect with Import Services' existing quayside distribution centre, doubling Import Services' operational capacity. Together, the enlarged facilities will enable Import Services to hold stock under bond for order processing and distribution across the UK, continental Europe and global markets.

 

With 24 new access doors, VNA pallet storage configuration plus state of the art equipment and systems, the new warehouse is designed to boost throughput for containers and road vehicles, providing swift passage to market and alleviating the need to transport containers inland to distributions centres which will reduce time, cost and carbon from supply chains.

 

Stephen Blyth, CEO of Xpediator, said

 

"Import Services' new distribution centre will be just 100 meters away from where the deep sea container ships dock and with this new facility, our teams will be able to discharge containers efficiently, process orders and deliver straight to the point of demand.

 

Historically, Import Services has not always had the capacity to meet demand, this new facility will not only enable us to meet demand but also capture additional market share by being able to offer superior services. The timing of this expansion could also work favourably with the UK's move outside of the European Union."

 

 

ENDS

 

Xpediator plc

Tel: +44 (0)330 043 2395

Stephen Blyth, Chief Executive Officer

Email: [email protected]



Cenkos Securities plc (Nominated Adviser & Joint Broker)

Tel: +44 (0)20 7397 8900

Max Hartley, Max Gould (Corporate Finance)


Nick Searle (Sales)

 


Cantor Fitzgerald Europe (Joint Broker)

Tel: +44 (0)20 7894 7000

David Foreman, Michael Boot (Corporate Finance)


Caspar Shand Kydd, Arthur Gordon (Sales)




Novella Communications (Financial Public Relations)

Tel: +44 (0)20 3151 7008

Tim Robertson


Fergus Young


 

About Xpediator:

Xpediator is a well-established international provider of freight management services. Established in 1988 by Stephen Blyth, the Group's international network of offices provides road, sea and air freight services, together with logistics and warehousing in the UK and Romania. The business offers integrated freight management within the supply chain logistics and fulfilment sector, through its three main areas: freight forwarding, logistics & warehousing and transport services. With headquarters in Braintree, Essex and country offices in nine CEE countries across 38 sites, the Group currently employs over 1,000 people and was successfully listed on London's AIM market in August 2017.

Import Services is the leading port centric logistics company in the UK, operating from Southampton, linking intelligent networks of supply chain services, with global real time information, to meet the new world of retailing. For more information visit https://importservices.co.uk 

 

For more information, please visit: www.xpediator.com.

Alternatively, do follow us on Twitter at @Xpediator or find us on LinkedIn at Xpediator Plc.

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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Price: 26.5

Market: AIM
Market Cap: £36.06 m
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