Logistics firm eyes acquisitions as sales approach record high
CCL Logistics & Technology is eyeing a pair of acquisitions after further investment in its tech platform set the company on track to achieve record sales by the end of the year.
The Derbyshire-based firm is forecasting revenue growth of around 20% with sales set to hit £35m in the year to 31 December 2022.
The company, which employs 110 people across the UK, currently invests around £2.5m a year into its myCCL platform and recently added sea freight tracking to the service.
Callum Bastock, CEO at CCL, said: “While the company was founded as a one-stop logistics company, we are now a fully-fledged logistics and technology group that specialises in helping customers reduce costs and grow, sustainably. The challenges faced by the sea freight industry meant our customers had less visibility, higher costs, and severe supply chain disruption. We are now able to help our customers track shipments and stock keeping units (SKU’s) in real time, something that just wasn’t available previously.”
The expanding firm says it expects to announce its next swoop “during the first half of 2023.”
It will be one of two acquisitions CCL is planning to complete next year. The firm has yet to reveal which companies it intends to snap up.
Bastock said: “Our next acquisition will give us an even greater footprint across the UK, strengthening our base and our overall proposition for customers.”
