BigChange, a leading mobile workforce technology company, has successfully acquired two UK-based businesses to enhance its service portfolio. The acquisitions bring over 100 new customers and significantly bolster BigChange’s market position.
These strategic acquisitions are seen as a major milestone in the company’s growth plan, providing it with new capabilities and a substantial revenue boost. Directors and founders from the acquired companies will join BigChange’s leadership team, highlighting the importance of these deals.
Labyrinth Logistics Consulting Acquisition
BigChange has acquired Labyrinth Logistics Consulting, a renowned supply chain and logistics consultancy based in Royal Leamington Spa. Labyrinth specialises in logistics strategy, compliance, and procurement consultancy, and also offers a self-audit software application named SilkThread. This acquisition will allow BigChange to integrate new services and expand its reach in the transport, logistics, FMCG, and retail sectors.
Ruth Waring and Jo Godsmark, directors of Labyrinth Logistics Consulting, will join BigChange’s leadership team. They will be instrumental in establishing a new consulting arm, BigChange Advisory Plus, which aims to offer a more comprehensive consultancy service to a broader range of clients.
Ruth Waring expressed enthusiasm about the acquisition, stating, “We are very excited to be part of BigChange. It is a strong, growing business that complements our offering very well indeed.”
Trace Systems Acquisition
In addition to Labyrinth Logistics Consulting, BigChange has also acquired Trace Systems, an established provider of fleet, garage, and workshop management software. Trace Systems, based in Coventry, works with various fleet operators including plant hire and haulage companies, local authorities, and emergency services.
The integration of Trace Systems provides BigChange with enhanced asset and stock management capabilities, which will be incorporated into BigChange’s JobWatch platform. This integration is expected to deliver substantial benefits to existing and future customers.
Bill Davies, founder of Trace Systems, commented on the acquisition, saying, “Having built a business over 30 years we see the sale of Trace Systems to BigChange as the next chapter in our development.”
Strategic Significance
The acquisitions of Labyrinth Logistics and Trace Systems denote the first major acquisitions for BigChange since its inception in 2013. With these deals, the company gains not only innovative technology but also a significant number of new clients, enhancing its market presence.
These acquisitions mark a pivotal stage in BigChange’s growth strategy, providing a substantial boost in revenues and expanding its technological capabilities. The integration of cutting-edge solutions and experienced professionals is expected to drive the company forward.
Both acquisitions were facilitated by Graham Pearce, Head of Technology at KPMG, and Nigel Hoyle, a Partner at a Leeds-based law firm. Their support was key in bringing these deals to fruition.
Leadership Team Expansion
As part of the acquisitions, several key figures from the acquired companies will take up leadership roles within BigChange. Ruth Waring and Jo Godsmark will lead the new consulting division BigChange Advisory Plus, bringing their extensive experience and expertise to the table.
The integration of skilled professionals from Labyrinth Logistics and Trace Systems is anticipated to enhance BigChange’s service offerings and operational efficiency, fostering innovation and growth.
Bill Davies, who founded Trace Systems, will serve as an advisor to BigChange, providing valuable insights and guidance based on his extensive industry experience.
Market Impact
The addition of over 100 new customers through these acquisitions significantly strengthens BigChange’s market position. The expanded customer base not only increases the company’s revenue but also broadens its influence across various sectors.
BigChange’s enhanced service offerings, combined with the expertise of the new team members, are expected to attract more clients and drive further growth. The company is poised to leverage these acquisitions to cement its status as a leader in the mobile workforce technology industry.
Martin Port, founder and CEO of BigChange, remarked, “These businesses are the first that BigChange has acquired since it was launched in 2013 and provide us with more fantastic people, world-class technology, amazing new customers and multi-million revenue boost.”
Enhanced Technological Capabilities
The integration of Trace Systems’ software with BigChange’s JobWatch platform is a key technological advancement arising from the acquisitions. This integration aims to provide a comprehensive solution for fleet, garage, and workshop management.
The collaboration is set to leverage cloud and mobile technology innovations pioneered by BigChange, enhancing the efficiency and effectiveness of the combined platform. This technological synergy is poised to offer significant benefits to customers.
Bill Davies highlighted the potential of this integration, stating, “This will provide fantastic opportunities for our existing and future customers.”
Future Prospects
The acquisitions position BigChange for further expansion and innovation in the mobile workforce technology sector. By incorporating advanced logistics consultancy and fleet management solutions, the company is set to enhance its service portfolio and market reach.
The leadership team’s expanded capabilities and the integration of new technologies will drive BigChange’s growth and innovation, enabling it to meet the evolving needs of its customers.
With a solid foundation and a clear growth strategy, BigChange is well-equipped to capitalise on emerging opportunities and maintain its competitive edge in the industry.
The strategic acquisitions by BigChange of Labyrinth Logistics Consulting and Trace Systems mark a significant milestone in its growth journey. These deals bring in new customers, innovative technology, and experienced professionals, substantially boosting the company’s market position and revenue.
With enhanced service offerings and a stronger leadership team, BigChange is poised for continued success and innovation in the mobile workforce technology industry. The company is well-positioned to leverage these acquisitions to achieve its growth objectives and maintain its competitive edge.