C.H. Robinson hopeful the deal will help increase its global footprint
C.H. Robinson has finalised the acquisition of Australia-based international air and sea freight forwarder APC Logistics.
The US-based company says the A$300 million acquisition will help increase its global presence and brings additional capabilities and expertise to its portfolio.
“With this acquisition, our customers will have an extraordinary opportunity to benefit from the additional services and scale of C.H. Robinson,” APC Logistics CEO Tony Considine says.
“I would like to thank all of our employees for their continued dedication to providing excellent service to our customers.”
The company plans to implement it global technology platform, Navisphere, to APC soon.
“We are excited that APC Logistics is now part of C.H. Robinson,” C.H. Robinson chairman and CEO John Wiehoff says.
“The marketplace response to this acquisition has been extremely positive since the announcement.
“We welcome APC’s customers and suppliers and our new colleagues to C.H. Robinson.”
The transaction was financed by cash and funds drawn from the company’s existing revolving credit facility.
C.H. Robinson is a third-party logistics provider based in Minnesota.