SingPost snaps up CouriersPlease from NZ Post


Australian move part of Singapore firm’s Asian growth strategy in ecommerce

SingPost snaps up CouriersPlease from NZ Post
SingPost's Quantium Solutions has bought CouriersPlease.

 

The parcels logistics scene has become that much more complicated with to Singapore Post (SingPost) buying New Zealand Post Group’s Australian courier company Couriers Please Holdings for A$95 million.

SingPost, through its wholly-owned subsidiary Quantium Solutions (Australia), signed the sale and purchase agreement in Sydney today.

It comes three weeks after Australia Post launched its ShopMate service for Australian interested in online US shopping.

That relies on SingPost to to perform the international freight forwarding service and the ShopMate website is" a white label service owned and controlled by Singapore Post", ShopMate’s terms and conditions state.

But while the two may cooperate in the US, the CouriersPlease purchase looks like a competitive statement uttered in Australia Post’s back yard, with a particularly ecommerce resonance.

"In line with our vision to be the regional leader in ecommerce logistics, we have been enhancing our capabilities in the areas of freight-forwarding, customs & regulatory management, warehousing & fulfillment, last-mile delivery & returns and front-end web-solutions," SingPost Group CEO Dr Wolfgang Baier states.

"As part of this strategy, the acquisition of CouriersPlease, an established last mile service provider in Australia, will help to strengthen our ecommerce last mile capability to support our growing ecommerce logistics business in the region."

He added: "SingPost will add significant value to CouriersPlease through our access to marquee ecommerce customers, expertise in technology and automation, as well as innovations in our approach to last mile delivery and products.

"I look forward to harnessing our combined capabilities in operations and technology to develop innovative solutions not only for our customers in Australia but also in other markets.

"I expect to derive good synergies between the Group and CouriersPlease including implementing best practices from each party."

SingPost is strengthening its ecommerce services delivery generally after having gained huge Chinese e-commerce firm Alibaba as a 10 per cent shareholder.

Locally, Quantium emphasised the strengthened links CourierPlease customers would have with Asian markets.

"Australia is an advanced market for ecommerce and we see good growth potential as regional emerging markets open up and further engage in ecommerce," regional director (Pacific) Kok Peet Leong says.

"With our end-to-end solutions, Quantium Solutions aim to enable large overseas brands as well as small and medium-sized enterprises (SMEs) in Australia to participate in ecommerce in Asia Pacific.

"In addition to deploying CourierPlease’s last-mile expertise, we will continue to work with postal peers and other strategic partners to tap the growing ecommerce market in Australia and beyond."

NZ Post Group CEO Brian Roche says the sale is a strategic decision to allow it to focus on home priorities.

The CourierPlease buy is the second big logistics development for Singapore firms in Australia in as many months, with

Keppel Logistics’ newly formed local arm nail a deal to manage a 10,000 square metre warehouse in Brisbane and supply local transport.

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