Tigers Acquires Signet in the UK
Hong Kong: Tigers announces the acquisition of Signet International in the United Kingdom
Tigers announced today that they had acquired the operations of UK based Signet International, a $30 million niche market logistics group.
Signet has been family owned since the early 1990’s and were awarded the prestigious Queen’s Award for Enterprise in 2008. The company is headquartered in London and has operations in Felixstowe, Banbury and Cardiff. Their London operation is located in Slough near to Heathrow airport.
Anthony Hooey, the CEO and former owner of Signet said, "We are delighted to be joining Tigers which will enable us to offer an expanded range of logistics services to our customers whilst at the same time provide a greater opportunity for our excellent team of logistics professionals to grow and develop within an exciting global team. A key part of the decision to join Tigers is that both companies share a very similar corporate culture and passion for customer service.
In particular Tigers expansion into e-Commerce fulfillment with their e-Tigers B2C product will offer many benefits for our existing customers. Their extensive presence in China, the USA, Australia and South Africa will also be very beneficial”. Hooey will remain with the group on a part-time basis.
"Signet is a strong niche player that provides Tigers with an expanded UK footprint, improved forwarding abilities and excellent single channel fulfillment capabilities. We are delighted to have the Signet team joining Tigers” said Andrew Jillings, the Tigers CEO. "We continue to view the UK as a key market long term and remain focused on building this important region.”
The combined operations of Signet and Tigers will trade under the Tigers name and continue to be headquartered in London where Tigers have their European regional office.
Tigers is a $800 million company headquartered in Hong Kong specializing in global supply chain solutions including B2C e-fulfillment services, perishable cargo and B2B freight management enabled by leading edge information technology.
Tigers operate facilities across the United States, Europe, the Asia Pacific and South Africa.
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Tags: signet, acquisition