UK based Microlise Limited, the expert in delivering efficiency in distribution networks, has changed hands in a management buy-out deal.
Microlise, which is based in Nottingham, is one of the UKs leading providers of technology solutions for the transport and logistics industry. A senior management team, led by managing director Nadeem Raza, has acquired the company for an undisclosed sum.
Established in 1982, today Microlise employs more than 170 staff and has a turnover which is forecast to grow by more than 30 per cent this year to in excess of 18 million. Clients include DHL, Wincanton, Waitrose, Co-op, Kelloggs, LaFarge, Cemex, Allied Bakeries, Bunzl Catering, Woolworths and Jaguar Land Rover.
Initially, Microlise built its reputation and a significant market presence as a specialist developer of bespoke software and hardware for warehouse management applications. Over the years, the company has broadened its offering into the wider transport and logistics sector as markets and technologies have evolved. Microlise technology enables companies under increasing pressure from regulation, such as Working Time Directive, to have more control and visibility over their fleets than ever before.
This unprecedented control and visibility also allows managers to track driver progress, update customers on delivery times (warning of delays where necessary), and contact drivers to re-route if a local ad hoc pick up is needed, helping to minimise carbon footprint whilst reducing spend on fuel.
Today, the company offers a comprehensive solutions service that assists its customers in managing their vehicles, goods and mobile workers. Its established presence in the UK is being augmented by increasing market penetration overseas, notably in Europe and Australia via local resellers, and in the USA, where Microlise operates directly.
Mainly focused on third-party logistics providers, retail distribution and the rapidly growing home delivery market, Microlise also enjoys success in specialist sectors, such as petro-chemical distribution, cement, aggregates and bulk powder deliveries and temperature controlled distribution. The company is also developing new solutions based on emerging radio frequency identification (RFID) technology.
Birmingham-based corporate finance advisers Orbis Partners advised the management of Microlise on the transaction and also invested in the company. Steve Lamb of Orbis will join the management team as non-executive chairman.
Chris Gregory, partner at Orbis and lead adviser on the deal, said: Microlise has established a strong brand and enviable business reputation, built up from more than 20 years successful trading in the supply chain and logistics marketplace.
The management team, together with non-executive chairman Steve Lamb, has a wealth of experience in the technology sector and is perfectly placed to continue growing the business and further developing its products and services.
Nadeem Raza, Microlise managing director, said: The executive teams long term business objective is to make Microlise the number one global vendor in its chosen sector. We have a great team, right across the business, and we look forward to enjoying continued growth and success together.