Acquisition (2659D)

TIDMALG

RNS Number : 2659D

Autologic Holdings PLC

14 May 2012

AIM: ALG

AUTOLOGIC HOLDINGS PLC

Autologic acquires assets of Spirit Motortransport Limited

Walon Limited, a subsidiary of Autologic Holdings plc, has acquired certain assets of UK based Spirit Motortransport Limited ("Spirit") after it was placed in Administration on 11 May 2012.

The assets acquired comprise car transporters, IT and office equipment along with the goodwill attaching to the Spirit name.

Avril Palmer-Baunack CEO of Autologic Holdings plc commented,

"We have taken the opportunity to acquire further key assets that strengthen our operational transporter fleet which is the largest in the UK following the failure of yet another competitor in the fast-consolidating automotive logistics sector. This follows our acquisition in 2010 of MCD/Autocarriers and earlier this year of Sensible Transport, also both out of administration".

Enquiries:

 
Autologic Holdings plc 
Avril Palmer-Baunack, CEO  T: 01604 664458 
Andrew Somerville, Group 
 FD 
 
Cenkos Securities plc 
Ian Soanes                 T: 020 7397 8900 
Camilla Hume 
 
Biddicks 
Katie Tzouliadis           T: 020 3178 6378 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

ACQEANSLFSXAEEF