Wigan-based home delivery firm ArrowXL has been acquired by the Jacky Perrenot Group, a pan-European logistics and transportation business with a turnover of €1.2 billion.

The ArrowXL senior executive team will remain in their roles.

Jacky Perrenot has 170 locations across France, Spain, Portugal and the Benelux.

Jacky Perrenot Group CEO Philippe Cuoc said: “We welcome everyone at ArrowXL into our family and assure them of our intention to support the business with continued investment to further strengthen their industry leading status.

“We are excited to now own an established operation in the UK which is the largest and most vibrant ecommerce market in Europe which we believe will be of great benefit to our customers.

“We announced our ambitions two years ago to create an International Bulky B2C European solutions, and today, with ArrowXL, part of the JP group, we have a powerful combination that brings us closer to this target.”

ArrowXL CEO Charlie Shiels said: “I am delighted with this news and couldn’t have hoped for a better new owner that will bring future security for our people and our business.

“It is clear to us that the Jacky Perrenot Group shares similar values with ArrowXL with a strong commitment to sustainable development and to delivering the best service in the marketplace. They are a significant European company with huge ambitions and all parties are genuinely excited for the future.”

ArrowXL chairman Mathew Deering said: “ArrowXL attracted a lot of interest from both UK and international buyers due to the strength of its team, infrastructure and client base alongside its reputation for high levels of service.

“It has been a pleasure working with a very committed and capable management team, our owners and funders towards this transaction over the last 12 months.

“There is no doubt that in Jacky Perrenot Group, we have found the right home for the business, with the resources and strategic focus to keep Arrow at the forefront of its industry for years to come.”