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Jersey Post acquire HICS Worldwide

Jersey Post acquire HICS Worldwide

Tuesday 13 December 2016

Jersey Post acquire HICS Worldwide

Tuesday 13 December 2016


Jersey Post has purchased the Heathrow Airport-based customs broker, HICS Worldwide.

The company says the acquisition, "...represents an exciting opportunity that will support Jersey Post's current business development plans for market growth both on and off-island."

Tim Brown, Chief Executive at Jersey Post commented, “The trend and preference for online shopping continues to grow, with individuals now seeking to shop globally, not just in their home country. 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.

"In particular, the acquisition will provide invaluable support for Jersey's fulfillment customers. Despite the removal of Low Value Consignment Relief (LVCR) in 2012, Jersey still has a buoyant and expanding fulfilment industry. Through the acquisition of HICS, Jersey Post will be in an excellent position to help existing businesses to expand into new, overseas markets, as well as support new entrants in achieving their trading objectives and goals."

HICS Worldwide was established in 1988 and was one of the first independently owned customs brokers to offer a complete brokerage package for courier, airfreight and sea freight arrivals in the UK. The organisation currently has full clearance facilities at Stansted, Gatwick and London Heathrow airports.

Paul Burness, Managing Director at HICS, stated “We are delighted with the progression of the company sale. The acquisition represents a fantastic opportunity for HICS to continue to build on our 28 years of trading experience and success. Our mutual desire for business growth in new markets is something that we’re very much looking forward to working on with our new colleagues within the Jersey Post Group.”

Jersey Post says it has retained all existing staff at HICS and there have been no compulsory redundancies either at HICS, or at Jersey Post as a result.

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