Add-on Acquisition • Transportation

EV Cargo Acquires Palletforce

On November 22, 2018, EV Cargo acquired transportation company Palletforce from EmergeVest

Acquisition Context
  • This is EV Cargo’s 3rd transaction in the Transportation sector.
  • This is EV Cargo’s 5th transaction in the United Kingdom.

Explore All 1751 Add-on Acquisition Transportation Deals - Search the Database Free


M&A Deal Summary

Date November 22, 2018
Target Palletforce
Sector Transportation
Buyer(s) EV Cargo
Sellers(s) EmergeVest
Deal Type Add-on Acquisition

Target Company

Palletforce

Staffordshire, United Kingdom
Palletforce is a distributor of palletised freight across the UK and Europe. Palletforce was founded in 2000 and is based in Staffordshire, United Kingdom.
Explore More Deals

Browse All 215,130 Deals

FILTER BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Search Free

Buyer Overview 1

Buyer

EV Cargo

Hong Kong, China

Category Company
Founded 2018
Sector Transportation
Employees2,300
DESCRIPTION

EV Cargo is a global technology-enabled supply chain management and logistics execution platform that offers unique mission-critical end-to-end supply chain solutions to more than 3,000 customers across the retail, consumer, and industrial sectors. EV Cargo was founded in 2018 and is based in Hong Kong, China.


Deal Context for Buyer #
Overall 5 of 6
Sector: Transportation 3 of 4
Type: Add-on Acquisition 5 of 5
Country: United Kingdom 5 of 5
Year: 2018 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-22 NFT Distribution

Alfreton, United Kingdom

NFT Distribution is a distributor of chilled food, providing nationwide transportation from food manufacturers to distribution centres and from distribution centres to retail stores. NFT operates from eight sites across the UK, leases a fleet of approximately 350 trucks, and employs 1,500 staff. NFT Distribution is based in Alfreton, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-23 Fast Forward Freight

Hoofddorp, Netherlands

Fast Forward Freight provides freight forwarding solutions through air, ocean, and road transportation with an international network and over 150 partners, serving more than 7000 clients worldwide. Fast Forward Freight was founded in 1995 and is based in Hoofddorp, Netherlands.

Buy -

Seller Profile 1

SELLER
DESCRIPTION

EmergeVest is a private investment group that looks to invest in and acquire business services companies. The Firm has particular interest in international supply chain opportunities, spanning logistics and related technology. EmergeVest was established in 2013 and is headquartered in Hong Kong.


Deal Context for Seller #
Overall 2 of 2
Sector: Transportation 1 of 1
Type: Add-on Acquisition 2 of 2
Country: United Kingdom 2 of 2
Year: 2018 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-22 NFT Distribution

Alfreton, United Kingdom

NFT Distribution is a distributor of chilled food, providing nationwide transportation from food manufacturers to distribution centres and from distribution centres to retail stores. NFT operates from eight sites across the UK, leases a fleet of approximately 350 trucks, and employs 1,500 staff. NFT Distribution is based in Alfreton, United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-02 Lucy

Singapore, Singapore

Lucy is an operator of the first neobank focused on women entrepreneurs. Lucy app helps women entrepreneurs set up, run and grow their businesses, with affordable financial services including fee-free accounts with Mastercard, no-interest salary advances, savings accounts, loan management, and low-cost remittances. Lucy is based in Singapore City.

Buy -