Border Express to have new Singapore owners after $210m deal

Wetherill Park-based express freight specialist Border Express has entered into a conditional sale and purchase agreement with Freight Management Holdings (FMH), the Australian subsidiary of Singapore Post (SingPost).

The deal is reportedly for a maximum purchase consideration of $210 million.

When finalised, Border Express will join the transportation companies held under the FMH Group umbrella, GKR Transport, Niche Logistics, BagTrans, Formby Logistics and Spectrum Transport.

SingPost also announced that it would be increasing its stake in FMH from 88 per cent to 100 per cent.

Established in 1981, Border Express now has a presence across every state and territory in Australia with comprehensive freight connectivity, warehouses and regional centres, providing end-to-end interstate logistics services.

With a network of 16 facilities, a fleet of over 700 vehicles, and a team of 1300 employees, Border Express has established itself as a reliable partner to over 3000 clients from across industries, including large retail and consumer brands, said a SingPost statement announcing the deal.

“Border Express is a highly regarded transportation provider throughout Australia,” said FMH CEO Simon Slagter.

“Upon completion, the acquisition will support FMH Group to realise the vision of a new logistics ecosystem where people and physical assets are connected through a ubiquitous technology platform, enabling true supply chain efficiency.”

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