Logistics company Menzies Distribution has acquired London-based all-electric delivery provider Gnewt Cargo for an undisclosed sum.
According to Menzies, the takeover “supports its diversification strategy and progresses the company’s plans to extend its neutral parcel consolidation services”.
Gnewt provides last-mile delivery services in the capital for businesses and parcel carriers including Hermes and T&T.
The firm claimed it has more than 100 electric vehicles in the UK and said that last year it made more than three million deliveries.
“Acquiring Gnewt was an exciting opportunity for us to advance our sustainability agenda whilst growing our neutral consolidation offer to the parcel market,” said Greg Michael, managing director of Menzies.“Everyone recognises that goods need to be moved in and around congested city centres. The Gnewt model shows it can be done successfully whilst minimising environmental impacts.”
He added: “This acquisition gives us a stronger, cleaner presence in the London market and with our national reach, gives us a platform to introduce all-electric distribution to other city centres in the UK.”