10th January 2019
- EV Cargo Technology is one of six EmergeVest-backed companies forming EV Cargo.
- EV Cargo is a £850 million business focused on intersection of logistics and technology.
- Cargo-centric model delivers mission-critical supply chain services.
- Business will manage supply chains for world’s leading brands.
EV Cargo Technology, one of the UK’s leading providers of supply chain management software is one of six premier logistics companies which have joined forces to form EV Cargo.
Created by private equity investor EmergeVest, and with £850 million of revenue, EV Cargo is the largest privately-owned logistics business in the UK, providing mission-critical supply chain services to a portfolio of leading brands.
EV Cargo is one of the UK’s largest providers of transport, logistics and freight forwarding services and logistics technology – created by consolidation of EV Cargo Technology, Allport Cargo Services, CM Downton, Jigsaw, NFT and Palletforce into a corporate structure under a new single brand.
All six companies are part of a platform of British logistics firms operated by global investment company EmergeVest.
Individually, the six companies are acknowledged experts in their respective fields with deep logistics heritage, strong recognition and market goodwill. Each will retain its own identity and continue to manage supply chains for the world’s leading brands.
Formed in 2016 as part of the Cargo Services Group, EV Cargo Technology provides cutting-edge B2B cloud software solutions and supply chain management software. Cargo Services is now a strategic investor in EV Cargo and the parties will continue their successful partnership.
EV Cargo includes four main operating segments: Express, Global Forwarding, Logistics and Technology. Operating under the group structure, EV Cargo will adopt a cargo-centric approach, focussing on customer needs across the entire supply chain by bringing together the best people, processes, technology and networks.
Championing innovation and sustainability, EV Cargo will maximise opportunities for efficiency and growth across existing and new markets. Continued investment across the network will fuel growth, drive acquisitions and ensure EV Cargo is powered by the best technology.
A key benefit of the increased scale of EV Cargo will be new opportunities for employees with enhanced career development paths across the group.
Craig Sears-Black, EV Cargo Technology chief executive, said: “With the collective force of EV Cargo, EV Cargo Technology will have the unrivalled opportunity to unite trading communities in the retail and consumer product industries like never before. EV Cargo will be powered by technology and we look forward to spearheading that charge with our industry-leading B2B and supply chain management software solutions.”
John Lau, Cargo Services Group chief executive, said: “We are pleased to play a leading role in the creation of EV Cargo, which is an important milestone in the development of the Cargo Services Group and a natural continuation of our involvement in EmergeVest. We remain committed to Allport Cargo Services and EV Cargo Technology on a long-term strategic basis. By joining our businesses together, we expect to provide our customers with an extended range of leading and innovative services, whilst continuing to invest in technology-enabled supply chain services.”
Heath Zarin, EV Cargo chief executive, said: “We are excited to announce the creation of EV Cargo, bringing together our UK logistics and technology platform into a unified £850 million corporate structure. EV Cargo will continue our existing strategy of delivering mission-critical supply chain services powered by people, technology, innovation and sustainability. By working closer together and creating additional capabilities, we will provide new and existing customers with access to a wider range of leading-edge integrated solutions.”