Newbury carrier management company is bought out

ENTERPRISE carrier management (ECM) company Global Freight Solutions (GFS) has been bought by e-commerce fulfilment specialist ILG (International Logistics Group Ltd).

The acquisition provides significant investment for GFS, which is based in Canal View Road, Newbury, to accelerate the development of its multi-carrier ECM platform and leverage the capabilities and infrastructure of the wider group to provide B2B and B2C customers with global end-to-end support across the entire supply chain.

Established more than 20 years ago, GFS is the pioneer of ECM technology and multi-carrier parcel services.

It offers single access to more than 1,000 shipping

lanes across 220 countries, backed by its technology to automate and simplify multi-carrier shipping from checkout to doorstep and back

again.

GFS chief executive Neil Cotty said: “We are entering a very exciting phase for GFS – this new relationship and the synergies with ILG and the wider group will help us realise our vision.”

The acquisition by ILG will see GFS’s management team continue in existing roles.

GFS was advised on the sale by Rothschild & Co and Travers Smith.