Eagle flies high with QED deal
Published Date:
04 October 2008
EAGLE Couriers has bought out QED for a six-figure sum, ending 25 years of rivalry between the two firms.
The Edinburgh-based pair were both founded in Scotland in the 1980s and have since battled for business in the capital.
Under the deal, Eagle, which has grown significantly since a management buyout in 2005, will immediately incorporate QED's 15-strong fleet of delivery vans into its Edinburgh depot. The acquisition will provide an extra £500,000 turnover a year for Eagle. The firm, which boasts a client list including the BBC and BT, will also continue QED's contracts with clients such as the NHS and HBOS.
The full article contains 113 words and appears in The Scotsman newspaper.
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Last Updated:
03 October 2008 8:43 PM
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Source:
The Scotsman
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Location:
Edinburgh
