Border Express CEO David Charlesworth has welcomed the sale of FMH to Pacific Equity Partners (PEP), and has labelled the move as an opportunity to “accelerate growth” for the companies operating the FMH banner.
Border Express was brought into FMH Group in 2024 when it was acquired under the company’s Singapore Post leadership and was the final acquisition prior to FMH’s sale in March 2025.
FMH merged with SingPost sister company CouriersPlease after it had acquired Border Express.
Charlesworth’s remit within FMH was expanded to include taking the reins at Spectrum and BagTrans late last year due to the companies’ closely related markets and complementary business models.
“Being part of FMH Group over the past year has provided us with valuable opportunities to grow within a dynamic ecosystem that fosters innovation and scalability,” Charlesworth says.
“We’ve already made considerable progress enhancing our capabilities and achieving strong results for both Border Express and the Group.
“Now, with PEP’s ownership, we have the resources and investment to accelerate our growth.
“This next phase is focused on building upon the solid foundation we’ve established, improving our services, advancing innovation and reinforcing our leadership in the industry.”
Charlesworth’s sentiments are echoed by FMH Group CEO Simon Slagter.
“We have built a business defined by innovation and the pursuit of excellence, earning the trust of our customers and partners,” Slagter says.
“Now, with the backing of PEP and out other investors, we are poised for our next phase of growth.
“Their support will enable us to deepen our investment in proprietary technology, expand our business development function and pursue strategic acquisitions, while we remain committed to unlocking even greater value for our customers and continuing to deliver an outstanding customer experience.”
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