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BagTrans acquisition announcement

Freight Management Holdings strengthens customer offering through acquisition of pallet specialists, BagTrans

Friday, 29^th January 2021 – Freight Management Holdings Pty Ltd (FMH) has today announced its acquisition of specialist pallet transport company, BagTrans. The move will provide peace of mind to customers of FMH’s 4PL, efm Logistics (efm), that their services will not be interrupted amid a shifting industry landscape.

Freight Management Holdings (FMH) is a diversified logistics service organisation. Its companies include the largest 4PL in Australia and New Zealand, efm Logistics, and the logistics technology platform that underpins it, FLIP.

“The acquisition of BagTrans is an important move for us to mitigate risk presented by the uncertainty of the current market. Many of our 4PL’s customers require pallet services. efm Logistics promises its customers an unmatched logistics experience and as a result of our decision at FMH, their customers can be confident in their ability to deliver regardless of the external environment,” FMH CEO, Simon Slagter, said

BagTrans is a specialised national less-than-truck-load (LTL) express pallet carrier servicing mainly the fast-moving consumer goods (FMCG) sector in metropolitan locations.

Outgoing BagTrans Acting CEO, Margie Haseltine, said: “The acquisition of BagTrans by FMH is testament to the strong business we have created, our outstanding team, and the excellent service we provide. FMH and BagTrans are aligned in vision and values, with both companies resolutely focused on excellent customer service, and we are excited to be part of their expansion.”

The addition of BagTrans to the FMH portfolio provides efm with an alternative carrier if needed.

“The addition of BagTrans to the fold is not intended to replace any of efm’s carriers. Instead, it provides an alternative for customers in various scenarios where an existing carrier cannot perform the service. For example, if the carrier company ceases to exist or if its service is sub-optimal, or in the event of excess volume,” Mr Slagter added.

As a true 4PL enabled by sophisticated proprietary technology, efm provides independent and strategic end-to-end supply chain management solutions. Post-acquisition, efm will continue to remain 100% independent.

BagTrans will be retaining its existing customer base and workforce, with the exception of the outgoing Acting CEO. The acquisition is effective immediately.

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Investor Announcement

FMH accelerates growth and enhances its technology platform capabilities with investment from SingPost

Monday, 19th October 2020 – Freight Management Holdings Pty Ltd (FMH) has today announced that SingPost Logistics Holdings has become an investor in the business, further enabling the fourth party logistics provider (4PL) to deliver its customer promise of an unparalleled logistics experience.

efm Logistics and software development company, FLIP sit underneath the umbrella of FMH.

The largest 4PL in Australia and New Zealand, efm leverages sophisticated proprietary technology, highly skilled people and trusted carrier partnerships in the delivery of end-to-end integrated supply chain management to provide immediate and sustainable value for its customers.

At the core of efm’s value proposition lies its neutrality and its ability to match customers’ freight profiles with the most suitable carrier, thereby increasing efficiency, utilisation and profitability for both the customer and carrier. efm remains proudly 100% independent.

FLIP engineers the elegant, customer-centric proprietary technology platform used by efm and other 4PL customers.

Pending its fulfilment of certain conditions, including obtaining regulatory approvals and approvals from the Foreign Investment Review Board of Australia, SingPost will become a substantial minority shareholder in FMH.

This strategic investment will enable the significant expansion of FLIP’s logistics technology platform and investment in FMH’s people.

FMH Founder, Damian Degenhardt said: “This strategic investment supports our growth plans in line with our asset-light, tech-enabled model, by facilitating further development in our technology and our people.”

FMH CEO, Simon Slagter added: “We have a history of being at the forefront of software innovation, which has enabled us to achieve differentiation and become a market leader. We pride ourselves on our trusted partnerships with our extensive carrier network and our ability to tailor the optimal solution to meet each customer’s needs. We are looking forward to adding further value to our carrier partners through the enriched technology solutions we will be able to develop or acquire with this investment,” he said.

SingPost Logistics Holdings is a wholly owned subsidiary of Singapore Post Limited, which is listed on the Singapore Stock Exchange. The agreement was announced to the Singapore Stock Exchange on Monday, 19th October 2020.

For media enquiries please contact:
Echomakers
Julia Loughlin
julia@echomakers.com.au

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