A Birmingham logistics firm has expanded with the buyout of a West Midlands transport operations company.
Digbeth-based DMN Logistics has acquired JLL Vehicle Distribution to boost its electric vehicle logistics operation.
Alvechurch outfit JLL Vehicle Distribution was established by father and son David and James Lee in 2010 and offers transport operations for clients such as Inchcape, Autorola and Audi as well as other dealer groups and vehicle brokers.
Additionally, it provides delivery and vehicle transfer services to corporate and dealers alongside undertaking customer handovers.
DMN Logistics initially approached James Lee to explore opportunities to work closely together and, following extensive talks, both parties agreed to a full acquisition.
The undisclosed buyout deal enables DMN Logistics to leverage increasing opportunities with emerging Chinese manufacturers which are looking to expand into the UK and grow in the vehicle logistics sector.
Mr Lee will remain in the business as managing director and focus on building relationships, new business development and ways to improve operational efficiency.
He said: "This acquisition benefits both us and DMN Logistics. Our contacts can support their expansion while they are better equipped to support our infrastructure. It's a win-win for both companies.
"I'm looking forward to supporting DMN Logistics as they develop and grow from strength to strength."
Nick Chadaway, managing director at DMN Logistics, added: "Both our companies specialise in vehicle logistics but the scale we want to achieve in the marketplace cannot be accomplished as quickly as we hope if we are separate entities.
"We have ambitious plans to expand in the electric vehicle logistics and automotive sectors and this strategic acquisition will help achieve our aims.
"With the JLL business, we are able to capitalise on the opportunities presented by the new entrants and as electric vehicles become mainstream.
"It is no secret that we have been more focussed on business growth since the pandemic and this acquisition instantly increases our fleet size.
"We have already placed orders for more vehicles and further orders planned to increase our ability to offer more electric vehicle movements."
