Acquisition of HBC Logistics

DX Group ("DX")

DX Acquires HBC Logistics

Marking the Company's Next Phase of Growth Under New CEO

DX, a leading provider of logistics solutions across parcel, freight, document, fulfilment and final mile, today announces the acquisition of HBC Logistics Ltd ("HBC Logistics"), a logistics and same day services business based in Bedfordshire.

The acquisition comes just six months after the appointment of Ian Truesdale as CEO on 1 July 2025 by DX's parent company, H.I.G. Capital, a leading global alternative investment firm with $70 billion of assets under management. It marks the first step in the company's next phase of growth and reflects the leadership's ambitions to scale and evolve DX.

Founded in 2017, HBC Logistics delivers rapid and scheduled logistics solutions, offering warehousing and fulfilment, palletised freight, same-day courier services and international shipping. It is headquartered at Stratton Business Park in Biggleswade, where it operates a 62,000 sq ft facility, and has additional support centres in Hertfordshire, Cambridge and London. Its footprint spans the South East, West Midlands and East Midlands, supported by a diverse fleet ranging from small vans to articulated HGVs. It is a Platinum-rated member of the United Pallet Network and Palletforce, and partners with a number of global carriers. In recent years, the business has also taken steps to strengthen its sustainability credentials, including partnering with Carbon Neutral Britain, the UK's leading carbon-offsetting initiative.

Ian Truesdale, Chief Executive Officer of DX, commenting on the acquisition said:

"We're delighted to welcome the team at HBC Logistics to DX. They bring valuable operational capability and sector experience as we continue to evolve the business, particularly across our DX Fulfilment and DX SameDay propositions.

"This acquisition marks the next phase in DX's expansion and development. It reflects deliberate choices about where we invest and how we grow, both organically and through future acquisitions. DX turned 50 last year, and we are moving forward with intent, investing in our services, developing our people and delivering greater value for our customers. Bringing HBC into the business is an early example of that direction in action."

Will Wright, Chief Financial Officer of DX, added:

"This acquisition is an excellent fit and natural commercial progression for both DX and HBC. HBC has built a disciplined, high-quality operation that complements our services portfolio and will underpin efficient growth in key regions. This is exactly the kind of targeted, strategic investment we are committed to making as we scale the business."

Ben Weldon, Director of HBC Logistics, said:

"DX is passionately committed to serving its customers' needs and, culturally, we share the same values. This makes for a very good union. We have been impressed by DX's growth trajectory and are excited by their ambitious plans for expansion. We look to the future with confidence."

Dave Northfield, Director of HBC Logistics, added:

"This next step with DX brings many opportunities for our team, our customers and the future of the business. We're proud of what we've built at HBC and joining DX means we can keep building, now with even greater scale and support behind us."

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About DX:

DX is a leading provider of logistics solutions, supporting business and residential customers across the UK and Ireland. With a heritage dating back to 1975, DX has grown into a multi-service logistics business, offering a comprehensive portfolio that includes Parcel, Freight, Document, Fulfilment, Final Mile and SameDay solutions.

The company combines national scale with service precision, helping customers manage complex supply chain needs, from first mile collection to warehousing, scheduled and express delivery, and final mile fulfilment. Its network is built to serve sectors where timing, security and reliability are critical.

Today, DX operates from over 100 sites and employs more than 5,000 colleagues. The business is focused on expanding its reach, enhancing its service proposition and investing in the technology, infrastructure and talent needed to deliver long-term value for its customers.

Visit dxdelivery.com for more information and connect with DX on LinkedIn.