ArrowXL acquired by French logistics firm

ArrowXL has been acquired by the 10,000-employee Jacky Perrenot Group, a French logistics business. This brings a difficult period to an end, as ArrowXL had been operating for sixteen months under parent company Yodel, which was in administration

Philippe Cuoc, CEO of Jacky Perrenot Group, said: “We welcome everyone at ArrowXL into our family and assure them of our intention to support the business with continued investment to further strengthen their industry leading status. We are excited to now own an established operation in the UK, which is the largest and ost vibrant eCommerce market in Europe, which we believe will be of great benefit for our customers.”