Stephen Blyth, who founded the international freight management services company in 1988, is plotting to make an offer to buy it from public investors, Sky News learns.
The founder of Xpediator, a London-listed logistics company, is hatching a plan to take it private.
Sky News understands that Stephen Blyth, who stepped down as Xpediator's chief executive in 2020, has assembled financial backing for a takeover offer. The identity of Mr Blyth's backers and the price at which a bid would be pitched were unclear on Monday. Xpediator's shares have slumped by a quarter during the last 12 months, leaving the AIM-listed group with a market capitalisation of just £43m.Xpediator is a freight management specialist whose operations include a fashion retail logistics arm.
It has been buffeted by turbulence in its boardroom as well as the economy, and currently has both an interim chair and an interim chief executive.
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