Toll takeover of Japanese transporter official

Toll completes acquisition of Japanese logistics provider Footwork Express Group

October 26, 2009

Toll Holdings has completed its acquisition of Japanese logistics provider the Footwork Express Group.

The Australian company’s decision to increase its influence in Asia was announced last week and now it is official.

"We are pleased to announce that Toll, one of the Asian regions leading providers of integrated logistics, today completed its acquisition of the remaining share of the Footwork Express Group no already owned by Toll following clearance of all necessary approvals and conditions," Toll Company Secretary Bernard McInerney says.

"Footwork Express is one of the top ten domestic logistics providers in Japan, the world’s second largest economy.

"This acquisition gives Toll a leading position in the domestic express market in that country and is a very important addition to Toll’s international business."

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