Announcement: evo Acquires the stock and trade of Exertis Supplies

evo Acquires Exertis Supplies

evo is now able to confirm that we have signed an agreement for our VOW business to acquire the trade and stock of Exertis Supplies from Exertis UK. We have acted here to enable a sensible outcome for all stakeholders. We are currently in consultation with the Exertis Supplies employees to try and secure their future employment wherever possible. We are also taking on Exertis Supplies’ stock, which should ensure suppliers receive a sensible settlement, and finally we are acquiring the trade, albeit we expect limited upside.

Commenting Andrew Gale, evo CEO:

“This is a sensible and pragmatic outcome. I would commend Exertis UK for their approach to this transaction, and I would like to thank Dan Taylor, evo Commercial Director, and Leanne Gregg, evo People Director for their outstanding work to enable this transaction to be completed. Steve Forde and Louis Dobson, the evo Stock team, worked tirelessly and we were advised by Walker Morris LLP and DLA Piper.”

Commenting Adrian Butler, VOW UK Managing Director:

“VOW’s immediate focus following the consultation period will be to work closely with our new colleagues and to ensure any stock transfer is completed in quick order to enable our customers to be serviced at the highest levels possible. VOW’s success is measured on how well the independent dealer channel performs, which has shown year after year how resilient and adaptable to change it is. I make no excuses for focusing on what’s important to our customers, base service and a set of commercial terms that help them thrive. If there are specific requirements that would help this, please do not hesitate to contact myself direct or one of the VOW team.”