A logistics firm has expanded its foothold in the West Midlands by acquiring a local rival.
Solihull-based OnLogistics has acquired Exact Logistics in Rugby in an undisclosed deal.
OnLogistics specialises in e-commerce and order fulfilment services and said the acquisition of Exact Logistics would give it long-term opportunities for business expansion and a broader range of delivery services.
In business for two decades, it works with clients in sectors such as automotive, aerospace, healthcare and fitness.
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Exact Logistics was founded by husband and wife team Adam and Karen Shuter in 2009 with the aim of offering palletised freight delivery services to businesses in Warwickshire.
The company has since expanded to provide final-mile distribution for European international hauliers, primarily German, and has recently established an in-house customs clearance team.
Following the buyout deal, Mr and Mrs Shuter will stay in post as the business will continue to operate as a separate entity.
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OnLogistics managing director Nick Bennett said: "I'm thrilled to be leading Exact Logistics on the next stage of its journey.
"Our portfolios are complementary so we can exploit the synergies to support customers to grow across sectors as well as geographically throughout Europe."
Mrs Shuter said: "We are incredibly proud of our team and the strong relationships we have built with our customers over the years.
"We are confident that Exact Logistics will thrive under new ownership, with a promising future ahead.
"Importantly, OnLogistics is a family business just like us and shares the same values, particularly when it comes to customer service."
Exact Logistics is a member of Pall-Ex Group which is a network of hauliers.
海角视频 managing director Barry Byers said: "Exact Logistics has been a high-performing member of the Pall-Ex network for over ten years and the acquisition by OnLogistics will encourage growth and prosperity for the company.
"We look forward to working with Nick Bennett and Samuel Mann of OnLogistics together with the existing Exact team."