Manton Air-Sea purchase to expand its service offering in Asia Pacific
FedEx announced that it has reached an agreement to acquire Australian logistics provider Manton Air-Sea.
The American courier delivery services company says Manton’s freight forwarding and customs brokerage solutions will complement and expand its portfolio.
With operations across Australia, Manton connects customers to global markets through regional gateways and relationships with multiple air carriers, FedEx says.
Headquartered in Sydney, Australia, it will operate as a subsidiary of the FedEx Trade Networks operating company and will expand its service offering in Asia Pacific.
FedEx and TNT joined forces in 2016 for a deal worth over $6 billion. Read more, here
“Adding Manton’s capabilities to FedEx Trade Networks and the broader FedEx portfolio will open up opportunities for us to continue to expand in Australia, a country with a strong GDP and a significant market in the Asia Pacific region,” FedEx Trade Networks president and CEO Richard W. Smith says.
“We look forward to potential business opportunities through the collaboration between Manton and FedEx Trade Networks with the FedEx Express and TNT presence in Asia Pacific and Australia.
“We are delighted to add the Manton team members to the FedEx family of companies and combine the talents of both teams to contribute to our continued success.”
Manton managing director Michael Rolls says: “We have long admired the FedEx Trade Networks team, recognising their growth and expansion over the past several years.
“We look forward to joining FedEx and working together to expand in Australia and other markets.”
The acquisition is expected to close later this year and is subject to customary closing conditions.