REG - Logistics Dev Grp - Portfolio company update - acquisition

Logistics DevelopmentAnnouncement

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RNS Number : 9727W  Logistics Development Group PLC  17 March 2026

17 March 2026

Logistics Development Group plc

("LDG" or the "Company")

Portfolio company update - acquisition

The Company has been notified by WS Holdco Limited ("WS Holdco"), its
portfolio company, that it has acquired EV Cargo Solutions and Distribution
Limited. Following this transaction, LDG's interest in WS Holdco is 50.7%.

WS Holdco's press release on the acquisition is set out below:

 "WS Holdco Acquires EV Cargo Solutions and Distribution Limited

 WS Holdco is pleased to announce the acquisition of EV Cargo Solutions and
Distribution Limited, the UK managed transportation and contract logistics
division of EV Cargo.

 This transaction represents a significant milestone in WS Holdco's strategic
growth journey and further strengthens its position as a leading provider of
fully integrated logistics solutions. The acquisition enhances the Group's
scale, capabilities and customer reach, while accelerating its growth
trajectory across key markets. Following completion of the transaction we will
begin a rebranding programme. The combined Group is expected to generate
annual revenues of well over £300 million.

 EV Cargo Solutions and Distribution Limited brings a portfolio of
long-standing contracts with blue-chip customers in multiple sectors,
operating across road logistics, warehousing and fulfilment. The business will
complement and strengthen the Group's existing platform, which includes The
Alternative Parcels Company (the UK's largest independent parcel delivery
network), William Stobart & Son (transport, warehousing and fulfilment),
WS Digital Freight (road forwarding) and WS People Providers (agency
supplier).

 By combining operational expertise, digital capability and an expanded
customer base, the enlarged Group is well positioned to unlock new
cross-selling opportunities, drive operational efficiencies and accelerate
organic growth. The transaction reinforces WS Holdco's ambition to build a
scaled, technology-enabled logistics platform with national reach and
long-term customer partnerships.

 We are delighted to welcome our new colleagues to the Group. Their
experience, expertise and strong customer relationships will play an important
role in supporting the continued success and accelerated growth of the
combined business."

For enquiries:

 Logistics Development Group plc                            Via FTI Consulting

 FTI Consulting

 Nick Hasell                                                +44 (0) 20 3727 1340

 Alex Le May

 Strand Hanson Limited (Financial and Nominated Adviser)    +44 (0) 20 7409 3494

 James Dance

 Richard Johnson

 Abigail Wennington

 Singer Capital Markets (Corporate Broker)                  +44 (0) 20 7496 3000

 James Maxwell - Corporate

Sam Greatrex - Sales

 

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