Company News, Freight News, Logistics News, Port News, Shipping News

FMH Group acquires Border Express and plans intended merger

FMH Group has announced the acquisition of Border Express, with its eyes firmly set on merging with a sister company too

Singapore Post Limited subsidiary Freight Management Holdings (FMH Group) has announced the acquisition of Border Express while releasing intentions to merge with another company.

FMH Group completed the purchase of Border Express on March 1, and has announced its intention to merge with sister company CouriersPlease.

FMH Group says the move is set to increase its revenue by more than an estimated $1.3 billion while allowing it to collaborate and optimise operations for its customers.

FMH Group CEO Simon Slagter says the acquisition positions the company for continued growth and increased market competitiveness.

“With the completion of the acquisition of Border Express and the planned merger with CouriersPlease, we are on a trajectory of significant growth, making the FMH Group a top five largest logistics company by revenue in Australia,” Slagter says.

“These decisions will not only expand our network, but importantly, they will facilitate innovation and operational excellence.

“By combining our assets, scale and technology, we will be able to significantly improve efficiency and deliver value.”

Border Express and CouriersPlease will both retain their own brand identities and employees under the FMH Group to ensure continuity for team members and customers.

Border Express executive director of transformation Mark Luff says the brand is positive about the opportunities that the acquisition presents for the team.

“Joining FMH Group is a strategic alignment that builds upon our success to date and will enable us to achieve the next phase of growth,” Luff says.

“We look forward to combining forces and leveraging synergies to deliver enhanced value to our customers.”

CouriersPlease CEO Richard Thame says the merger with FMH Group signifies a “practical step towards operational efficiency”.

“Joining forces will allow us to pool talent and operational capability to deliver even greater value to customers and achieve shared success,” Thame says.

“We look forward to leveraging our individual strengths and enhancing our collective impact.”

Previous ArticleNext Article
Send this to a friend