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You are here: Home → Archive → 2009 → October → Weekly Edition 15th of October 2009 → Toll increases Asian footprint with Footwork purchase

Toll increases Asian footprint with Footwork purchase

by Rob McKay — last modified Oct 15, 2009 04:04 PM

TOLL Group intends to buy out Japanese express freight operator and logistics ally Footwork Express, the Australian company said this week.

Pending regulatory approval, Toll will pay $95m for the remaining 64% of the company in which it has had a stake since April 2006, thereby cementing its presence in the country and continuing its Asian expansion.
“This acquisition is not...

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