Tuffnells owner Connect Group has completed the sale of its care and education division to education resource provider RM. Connect’s sale of the division to RM for £64.4m, including £56.5m cash and a deficit of £7.9m relating to the business’s pension fun, was announced in February this year. In April the Competition and Markets Authority […]
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Connect Group has renewed its contract with News UK, securing a deal that generates £200m of revenue a year until 2024 and provides some respite after a tough period for the business.
Tuffnells has announced plans to invest £7m into the business over the next year. The IDW freight specialist is planning a series of major investment projects with a ‘significant upgrade’ to its route optimisation technology a top priority. It hopes this will lead to higher efficiency and visibility of collection and delivery rounds, while reducing […]
Three of Tuffnells’ former directors have returned to the company, following its management buy-out from the Connect Group in May this year.