Friday, June 18, 2021

Acquisition sees Clipper expand presence in life sciences market

Clipper Logistics has acquired Wippet Ltd as the Leeds-based logistics firm looks to grow its presence in the life sciences market.

The firm said that it will launch “an online B2B marketplace to service the broader health care sector in the UK” via Wippet in September 2021.

Clipper will initially target the “fragmented elderly care market” which is worth up to £2.5 billion per year.

“Additionally, we have entered the life sciences sector in support of the NHS and care sectors, providing fulfilment of vital supplies,” said Clipper Executive Chairman, Steve Parkin.

“The uniqueness of our full end to end solutions combined with our agile and able culture has accelerated our contract wins in the UK and Mainland Europe which is testament to our expertise and execution of our strategy.

“We are very well positioned to further accelerate growth by capitalising on the structural shift to online and to position Clipper as a global e-commerce and retail logistics enabler.”

The announcement comes as the firm unveils its latest financial results. It said that it expects revenue for the year to surpass the half a billion pound milestone it achieved last year by 39%.

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