Subscribe to RSS feedTriple treat for Toll's Asian expansion
Toll's expansion into Asia continues to roll on, with the group announcing yesterday it had acquired three Asian-based international courier businesses.
Little: express courier purchases
Toll had bought Deltec's operations in Hong Kong, Singapore and Australia to complement its existing air freight operations in Australia and New Zealand.
The Deltec business had multiple product offerings including international express, local point to point courier and international and domestic mail, Toll said.
Toll had also acquired two additional small businesses in Hong Kong – Kwikmail and Skynet.
“The businesses will be integrated into Toll Priority, which is expanding its Asian-based express courier business," group managing director Paul Little said.
“Our customers increasingly expect Toll to provide them with international solutions to their logistics needs.
“With annual consolidated revenue of around $12m, these acquisitions, in the strategically important hubs of Hong Kong and Singapore, provide a key platform in Toll’s ongoing growth and development in the region.
“Hong Kong is the busiest airport cargo 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.”
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