- 28 June 2021
- Transport / Logistics Services
UK on-demand logistics technology platform Shift has acquired B2B courier and transport logistics business Techlogico.
Techlogico is a same-day courier that offers businesses across the UK with on-demand, specialist solutions for goods. It focuses on banking, retail and agricultural sectors. Founded in 2013 it has become one of the leading B2B couriers in the North of England.
Shift has paid £750,000 and this is set to ad as much as £3.1 billion of GMV to its books in this financial year. This marks the third acquisition by Shift in the last six months.
Jacob Corlett, CEO of Shift: “The trend of customers and businesses looking for a personalised, on-demand user experience at a low-cost price point is clear. Taxis, food delivery and hospitality services are now providing on-your-schedule solutions, but without a premium price tag, and Shift believes that the courier market should be no different. We have developed a solution that is able to do this using a unique algorithm to identify empty transport space from across the Shift network of fleet and independent drivers, finding the best-fit driver for the customer.
“We created the business to offer a cost-effective solution, with consumers at our core. Since we started in 2017 we have rapidly built a network in the UK and continue to explore further small acquisition opportunities in the UK and overseas in order to further scale our business and provide a better service. We look forward to integrating Techlogico onto our platform.”