Jersey Post – Acquisition of HICS Worldwide
Parslows is pleased to announce that its client, Jersey Post, has completed the purchase of Heathrow based Customs Broker – HICS Worldwide.
HICS Worldwide was established in 1988 and currently has full clearance facilities at Stansted, Gatwick and London Heathrow airports. Its acquisition will support Jersey Post’s current business development plans for market growth both on and off-island.
The acquisition provides synergy with Jersey Post’s recent purchase of Fraser Freight, a premium European logistics freight services company, for Jersey Post to be able to offer complete, international trading routes into and out of European and international destinations.
Tim Brown, Chief Executive at Jersey Post commented: “Jersey Post sees international customs clearance as a critical enabler for the successful provision of worldwide end-to-end, cross border solutions. Our investment in HICS enables us to further extend the range of products and services we offer to Jersey-based businesses wishing to trade globally, but also allows us to reach those internationally-based organisations that wish to do business with Jersey”.
David Hill, Solicitor, who leads the Parslows’ Jersey Post team said: “We are delighted to have advised Jersey Post on its successful acquisition of HICS Worldwide and the continued implementation of Jersey Post’s international strategy. As with the recent acquisition by Jersey Post of Fraser Freight, this is an excellent example of Parslows’ depth of legal expertise both inside and outside of Jersey and our strength in cross border transactions”.
If you require any further information, please contact David Hill.
- David Hill, Solicitor, acts for a wide range of clients from multinational companies to SMEs and high-net worth individuals.
- David has considerable onshore and offshore corporate and commercial experience playing a key role in some high profile corporate and M&A
- Before joining Parslows, David was managing partner at a boutique London firm and prior to that was a corporate and commercial partner at Howard Kennedy.