CYC Logistics operates an extensive fleet with a diverse range of customers across multiple sectors, two London based service centres and a number of international partners.
The addition of CYC Logistics’ courier fleet supports CitySprint’s growth, and follows the integration of three regional businesses earlier in the year. CitySprint’s new combined operations will comprise nearly 3,000 couriers and 40 Service Centres.
This deal will give CYC Logistics’ customers access to CitySprint’s network, which claims to be able to reach 87% of the UK mainland population in under an hour.
Customers will also be able to take advantage of CitySprint’s technology, allowing them to track their parcels in real-time on desktop and smartphone via the first ever same day courier app, MyCourier.
As part of the acquisition all employees will transfer to CitySprint, and the local contact details will remain the same.
Commenting on the deal, Patrick Gallagher, chief executive of CitySprint, said: ‘Today’s acquisition, the second biggest in our history, is a major and exciting milestone for the business. Not only are we adding further scale and reach to our national business; we are building on our existing local knowledge base with some excellent people. I am very much looking forward to welcoming CYC staff, couriers and customers to the CitySprint family.'