Quayle Munro is pleased to announce that it has provided valuation advice to LDC in relation to its investment in ByBox. LDC has provided £37.5million of acquisition and development capital to accelerate the international growth of ByBox, the UK’s leading field service engineer logistics and supply chain technology solutions provider, in a transaction that values the business at £105million.
Headquartered in Harwell, Oxfordshire, ByBox provides technology-enabled locker-based solutions to help more than 250 blue chip clients, including BT, Fujitsu and Vodafone to manage their engineering parts inventory and solve difficult supply chain problems.
With an existing annual turnover of around £73 million, the investment will support ByBox’s continued organic growth in the UK, especially in areas such as smart metering. It will also help ByBox significantly accelerate its global technology deployment, expand its technical courier proposition and continue to develop its Click&Collect service.