Hot on the heels of its acquisition of Border Express, Freight Management Holdings (FMH) has announced it is joining forces with sister company CouriersPlease.
Both are subsidiaries of Singapore Post.
FMH shared the merger news on the same day that the $210 million conditional sale and purchase agreement was completed with Border Express.
No date was given for the merger, but a media release said Border Express and CouriersPlease will retain their own brand identities and employees under FMH Group, “ensuring continuity”.
Simon Slagter, FMH Group CEO, said the recent deals are expected to propel the company into the top-5 largest logistics companies in Australia, by revenue – an estimated $1.3 billion per year.
“These decisions will not only expand our network but importantly, they will facilitate innovation and operational excellence,” Slagter said.
“By combining our assets, scale and technology, we will be able to significantly improve efficiency and deliver value.”
Border Express executive director, transformation, Mark Luff, said the company is “very positive” about the opportunities its new owner presents for the team and customers.
“Joining FMH Group is a strategic alignment that builds upon our success to date and will enable us to achieve the next phase of growth,” Luff said.
“We look forward to combining forces and leveraging synergies to deliver enhanced value to our customers.”
From humble beginnings in Albury with just four dedicated staff members back in 1981, Border Express has grown into a national powerhouse.
Today, it proudly boast a presence across every state and territory in Australia, employing a team of 1700 staff and contractors.
Meanwhile, CouriersPlease CEO Richard Thame said the merger with the FMH Group signifies a practical step toward operational efficiency.
“Joining forces will allow us to pool talent and operational capability to deliver even greater value to customers and achieve shared success,” Thame said.
CouriersPlease, one of Australia’s fastest-growing franchised courier services, recently expanded its parcel-handling capabilities with three new “sustainable depots” in Sydney, Melbourne and Perth.
FMH Group is comprised of three operating divisions: fourth-party logistics (4PL) and warehousing, technology and transport.
Its other transport companies include express pallet carriers BagTrans, Niche Logistics and general freight carrier GKR Transport.