RCS - DX (Group) - Appointment of CEO

Kuehne und Nagel International AGAnnouncement

26/06/2025 08:15

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250626:nRSZ4546Oa&default-theme=true

RNS Number : 4546O  DX (Group)  26 June 2025

DX Group

("DX" or "the Group")

 

Appointment of Ian Truesdale as CEO

As DX Enters Next Phase of Growth

 

DX, a leading provider of delivery solutions, including parcel freight, secure
courier, 2-person, logistics and same-day services, is delighted to announce
the appointment of Ian Truesdale as Chief Executive Officer of the Group.
Ian's appointment comes as DX embarks on its next phase of growth, supported
by its partner, H.I.G. Capital ("H.I.G." or the "Firm"). H.I.G. is a leading
global alternative investment firm with $70 billion of assets under
management, with a focus on the mid-cap segment of the market.

 

Ian Truesdale assumes his new role on 1 July 2025 and succeeds Paul Ibbetson,
who led DX's sale to H.I.G. and oversaw the subsequent significant period of
growth and development.

 

Ian has over 40 years' experience in the Logistics and Supply Chain industry,
and a proven track record in driving business growth and transformation both
in the UK and internationally. He joins DX from Unipart Group, the British
multinational logistics, supply chain, manufacturing and consultancy company,
where he was Managing Director of Unipart Logistics, Unipart Consulting and a
Main Board Director. He was previously Senior Vice President of Operations for
Kuehne + Nagel AG, the Swiss global transport company. He has also held senior
leadership positions at CEVA/TNT Logistics and at DHL/Exel Freight Management.
Ian began his career as an engineer in manufacturing and was trained in
logistics and lean manufacturing by Toyota in Japan.

 

In January 2024, H.I.G. completed the public-to-private acquisition of DX. The
Firm was attracted by DX's long-established position in the UK as a leading
provider of specialist delivery services and its well-invested infrastructure.
In partnership with H.I.G., DX is now accelerating its growth plans with
investment of over £12 million in a new regional hub in Derbyshire, building
out its depot network and expanding its activities in Northern Ireland with
the acquisition of Express Freight. In April 2025, DX launched "DX SameDay", a
nationwide same-day courier service, available 24 hours a day, 365 days a
year.

 

Ian Truesdale, DX Group's incoming Chief Executive Officer, commented,

 

"DX is in a terrific position, and I am delighted to be leading the next phase
of the Group's growth.  We have a very supportive partner in H.I.G., and I am
confident of the opportunities ahead of us. In its 50(th) anniversary year, DX
continues to support all its customers' needs with passion and commitment and
is well-placed to extend its service offering and to scale significantly."

 

 

Enquiries:

 

 DX Group                                            T: 020 3178 6378 (c/o KTZ Communications)
 Paul Ibbetson, Chief Executive Officer
 Ian Truesdale, Incoming Chief Executive Officer
 Will Wright, Chief Financial Officer

 KTZ Communications                                  T: 020 3178 6378
 Katie Tzouliadis/Robert Morton

 

 

About DX Group:

 

DX is a well-established provider of a wide range of specialist delivery
services to both business and residential addresses across the UK and Ireland.
First established in 1975 as a Document Exchange service to the legal sector,
DX now provides one of the widest ranges of overnight delivery services in the
market, as well as logistics services. Items that DX transports range from
confidential documents and valuable packages to large, awkward-to-handle
freight, unsuitable for automated conveyors.

 

The Group operates through two divisions, DX Freight and DX Express.

 

·    DX Freight comprises DX-1, DX-2, Logistics and SameDay, with the
Division being only one of a small number of operators that provides an
overnight delivery service for irregular dimension and weight freight ("IDW").

 

·    DX Express comprises DX Parcels and DX Exchange and Mail, with the
Division specialising in express delivery, including pre-9am, of parcels and
documents

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  NRAPPUMGQUPAGRA