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Nightfreight has invested £3m in the acquisition of three Rainbow parcels depots in Bridgwater, Dawlish and Saltash, with the transfer of 120 staff.

Nightfreight, the overnight freight operator, has been sold by Barclays Private Equity to a management team for £89m.

Nightfreight, the logistics group, is to go private in a £35m management buy-out.

Nightfreight, the parcels delivery company, is to relocate its corporate headquarters from Birkenhead to the site of its recently expanded hub at Willenhall.