Peterlee-based NFS360, a provider of value-add warehousing and logistics solutions, has been acquired by the international logistics group, Group DESLOG.
Evolve Corporate Finance, the national M&A advisory practice has successfully advised the shareholders of the business on the sale. Established over 45 years ago by David Lawson, NFS360 employs over 90 staff and operates from four strategically located sites.
This marks Groupe DESLOG’s first UK acquisition, which recognised NFS360’s strategic locations, long-established logistic network and extensive customer base with an excellent reputation for customer service. The new partnership will enhance existing expertise and capabilities into and out of Europe including navigating complex freight customs requirements. NFS360’s Managing Director, Michael Banks, will continue to manage the business during this exciting new chapter.
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