CTI Logistics buys Jayde Transport's interstate business


Perth-headquartered WA giant strengthens national coverage

CTI Logistics buys Jayde Transport's interstate business
CTI Logistics now has a bigger national footprint

 

CTI Logistics has consolidated its national presence, buying Jayde Transport’s interstate transport and logistics business for $7.5 million and thereby easing exposure to its home state.

Payment is being made in two stages with $6.5 million handed over this month and $1 million on April 30 for Jayde’s interstate road, rail and warehousing business, CTI says.

Family-owned Jayde’s head, Harvey Mack, will assist with the transition and remain a consultant until the final payment

The deal excludes Jayde’s container operation at Fremantle wharf.

The move marks the next significant acquisitive step in CTI’s national expansion and comes two years after it bought GMK Logistics.

"The acquisition is in line with the company’s strategy into areas related to our existing core businesses, with synergies expected from our existing operations in Adelaide, Melbourne and also in Perth, where the plan is to lease the current Jayde Forrestfield complex until the further development of our Hazelmere site facilitates consolidation with other CTI distribution operations," CTI company secretary Owen Venter states.

"The acquisition is also in line with the company’s strategy of continuing to build our national business and lessening reliance on Western Australia, with 75 per cent of current Jayde revenue generated from outside Western Australia."

Jayde has facilities in Melbourne, Adelaide and Perth, running east-west general, express and oversize freight and logistics operations, with a focus on containerised and bulk car transport, as well as regional WA services.

 

You can also follow our updates by joining our LinkedIn group or liking us on Facebook