Toll heads to Dubai


Toll continues expansion drive, this time buying overseas company as it attempts to grow international operations

November 6, 2009



Toll Holdings has again shown its intention to become a major global transport operator by purchasing an overseas forwarding company in the United Arab Emirates (UAE).

Toll Managing Director Paul Little says the purchase of Dubai Logistic Distribution Systems (LDS),which generates revenues of A$50 million each year, is a major part of Toll’s growth strategy.

"The Middle East and in particular the UAE is a key strategic market for Toll Global Forwarding (TGF)," Little says.

"The acquisition of LDS enhances our existing operations in the Middle East and is consistent with our growth strategy.

"The capability and positioning of LDS as a quality freight forwarder in the trade lanes between Dubai, Europe and [the] Asia Pacific is attractive to Toll and when combined with our existing operations helps to secure a global trans-shipment hub for freight movements between Europe and Asia for TGF."

LDS provides an integrated international sea and air freight forwarding service to its customers through its extensive operational platform in Dubai and the Jebel Ali Free Zone as well as transport and logistics services to freight forwarding customers within the UAE.

Little says the acquisition will be funded from existing cash revenues and the transaction is expected to be earnings per share (EPS) accretive in year one.


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