DX, a leading independent mail, parcels and logistics end-to-end network operator in the UK and Ireland, has announced its intention to launch an initial public offering in order to begin trading on the Alternative Investment Market at the end of February.
DX has established itself as a leading independent parcels business, occupying strong market positions and delivering market-leading service. Its services are designed to meet the specific specialist needs of the discrete sectors in which it operates, including pharmaceutical, optical, retail and legal, as well as the UK government and foreign embassies, where DX offers a strong, secure service and differentiation from other operators.
The flotation of DX ensures it is best placed to continue to evolve its services in the fast-changing parcels and logistics market. Built on the secure attributes of its core mail foundation, DX has widened its business model to successfully manage the rapid growth in parcel and freight deliveries meaning that mail now accounts for a much smaller percentage of overall traffic. As well as addressing its wider, corporate objectives, the move will enable DX to develop its financing options and ensure the business continues to invest in creating further capability to meet the demands of customers. In addition, it will allow DX to continue focusing on delivering a superior service to customers, maintain high levels of security and develop its services to provide customers with more choice and uphold its brand promise of ‘Delivered Exactly’.
Petar Cvetkovic, chief executive officer of DX, says: “We are delighted to announce our plans for a listing on the AIM market. DX is a customer-focused and profitable business developing strong specialised and bespoke services for deliveries into discrete markets with a strong capability in the fast-growing parcel delivery market.
The DX team has worked hard to develop the business over the last four years, and it is this ability and ambition that will allow us to deliver on our clear strategy for growth. The IPO is the next evolutionary step in our development and we are very excited about the significant opportunities ahead for DX and our customers.”
