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Xpediator inks warehouse deal with e-commerce specialist Synergy
6th Aug 2021 14:38
(Sharecast News) - Freight management services provider Xpediator has formed a strategic partnership with the Northampton-based e-commerce fulfilment company Synergy Retail Support, it announced on Friday.
The AIM-traded firm said Synergy, founded in 2009, provides bespoke business-to-consumer and business-to-business fulfilment and e-commerce returns services from its 148,000 square foot warehouse in Northampton.
Working with a "broad" client base, from e-commerce brands to high street retailers, it said Synergy had a "strong presence" within the fashion, and health and beauty sectors, and a growing presence in food and beverage, gifts and toys, household fast-moving consumer goods (FMCG) brands, and general department stores.
Demand for its services was high and, as its Northampton warehouse was close to full capacity, under the new partnership Synergy would use the currently vacant space in Xpediator's warehouse in Braintree to expand.
Already, some of Synergy's clients had taken space in Braintree, with discussions also underway for further clients to use the space.
"Synergy is a great business with strong management and an excellent technology-led product offering," said Xpediator chief executive officer Robert Ross.
"Its client list speaks for itself and we are very pleased to have agreed this partnership which has already started to generate revenues for both companies.
"We are looking forward to maximising the potential for our Braintree warehouse and then looking beyond that, to see where else we might collaborate for mutual advantage."
At 1410 BST, shares in Xpediator were up 1.69% at 78.3p.
The AIM-traded firm said Synergy, founded in 2009, provides bespoke business-to-consumer and business-to-business fulfilment and e-commerce returns services from its 148,000 square foot warehouse in Northampton.
Working with a "broad" client base, from e-commerce brands to high street retailers, it said Synergy had a "strong presence" within the fashion, and health and beauty sectors, and a growing presence in food and beverage, gifts and toys, household fast-moving consumer goods (FMCG) brands, and general department stores.
Demand for its services was high and, as its Northampton warehouse was close to full capacity, under the new partnership Synergy would use the currently vacant space in Xpediator's warehouse in Braintree to expand.
Already, some of Synergy's clients had taken space in Braintree, with discussions also underway for further clients to use the space.
"Synergy is a great business with strong management and an excellent technology-led product offering," said Xpediator chief executive officer Robert Ross.
"Its client list speaks for itself and we are very pleased to have agreed this partnership which has already started to generate revenues for both companies.
"We are looking forward to maximising the potential for our Braintree warehouse and then looking beyond that, to see where else we might collaborate for mutual advantage."
At 1410 BST, shares in Xpediator were up 1.69% at 78.3p.