Toll expands in Hong Kong, Singapore
Paul Little’s Toll Group has further extended its reach into Asia with the acquisition of three courier businesses, to be integrated under the Toll Priority banner.
Toll has acquired the Asian operations of Deltec in Hong Kong, Singapore and Australia to compliment its existing air freight operations in Australia and New Zealand. The Deltec business has multiple products, including international express, local point-to-point courier and mail (international and domestic).
Toll has also acquired two additional small businesses in Hong Kong – Kwikmail and Skynet (Hong Kong).
The businesses will be integrated into Toll Priority, which is expanding its Asian-based express courier business. Toll Priority is an express parcel and document division of the Toll Group, with global reach and operations in Australia, New Zealand and the Pacific Islands.
“As we’ve been saying for some time, our customers increasingly expect Toll to provide them with international solutions to their logistics needs,” said Paul Little, managing director of the Toll Group.
“With annual consolidated revenue of around A$12 million, these acquisitions, in the strategically important hubs of Hong Kong and Singapore, provide a key platform in Toll’s ongoing growth and development in the region.
“Hong Kong is the busiest cargo airport in the world and Singapore is the eighth busiest and the busiest in South East Asia so boosting Toll’s presence in these markets is an important advantage for our customers,” Mr Little said.