On-demand logistics tech platform Shift announces acquisition of Techlogico
Shift, the on-demand logistics tech platform, today announces the acquisition of Techlogico, a B2B specialist courier & transport logistics firm based outside of Pontefract.
The acquisition is the third by Shift in the last six months, as it builds regional scale to ensure enough driver support is available around the UK to fulfil the rapidly expanding consumer demand.
The firm operates across the UK and is recognised as a service provider for the North of England
Jacob Corlett, CEO of Shift: “The trend of customers and businesses looking for a personalised, on-demand user experience at a low-cost price point is clear. Taxis, food delivery and hospitality services are now providing on-your-schedule solutions, but without a premium price tag, and Shift believes that the courier market should be no different. We have developed a solution that is able to do this using a unique algorithm to identify empty transport space from across the Shift network of fleet and independent drivers, finding the best-fit driver for the customer.
“We created the business to offer a cost-effective solution, with consumers at our core. Since we started in 2017 we have rapidly built a network in the UK and continue to explore further small acquisition opportunities in the UK and overseas in order to further scale our business and provide a better service. We look forward to integrating Techlogico onto our platform.”
Shift recently announced that it had raised £10m from a combo of VC, private, and angel investors, including £1.3m from London-based Fuel Ventures.