Toll Group Acquires Three Asian Businesses

Deltec, Kwikmail and Skynet to boost Toll Group's Southeast Asia presence

The Toll Group, the Melbourne, Australia-based provider of integrated logistics services, will expand its Asia-based express courier business with the acquisition of three Asia-based international express businesses: the Asian operations of Deltec in Hong Kong, Singapore and Australia, and two small businesses in Hong Kong – Kwikmail and Skynet.

 

Deltec provides numerous product offerings in the Asia-Pacific region, including international express, local point-to-point courier and postal services.

 

The Toll Group, which employees 30,000 people in more than 50 countries, generated revenue of more than A$5.6 billion (US$4.4 billion) for the year ending on June 30, 2008. The new acquisitions have annual consolidated revenue of around A$12 million (US$9.45 million) in the strategically important hubs of Hong Kong and Singapore.

 

Paul Little, managing director of the Toll Group, said the businesses will be integrated into Toll Priority, an express parcel and document division of the Toll Group, with operations in Australia, New Zealand and the Pacific Islands.

 

"As we've been saying for some time, our customers increasingly expect Toll to provide them with international solutions to their logistics needs," Little said. "Hong Kong is the busiest cargo airport in the world and Singapore is the eighth busiest and the busiest in Southeast Asia, so boosting Toll's presence in these markets is an important advantage for our customers."

 

(Source: Journal of Commerce)