Melbourne, 01 November 2023 – Freight Management Holdings Pty Ltd (“FMH”), a subsidiary of Singapore Post Limited (“SingPost” and “Group”), has entered into a conditional sale and purchase agreement with the shareholders of Border Express, the 6th largest national transport and distribution services company in Australia.
Border Express has 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 dedicated team of 1,300 employees, Border Express has established itself as a reliable partner to over 3,000 clients from across industries, including large retail and consumer brands.
Upon completion, Border Express will join the transportation companies held under the FMH Group umbrella, GKR Transport, Niche Logistics, BagTrans, Formby Logistics and Spectrum Transport.
Over the past three years, SingPost has expanded its operations in Australia with the FMH Group and CouriersPlease. This transaction aligns with SingPost’s strategic ambition to expand its logistics network and foster synergy within its Australian operations to deliver enhanced value to its customers and partners. In addition to this transaction, SingPost has reached agreement with the remaining minority shareholders of FMH to take its ownership to 100%.
The Australian integrated logistics market is estimated at over A$120 billion1. With the acquisition of Border Express, the revenues of the enlarged FMH Group are expected to exceed S$1 billion.
Vincent Phang, Group Chief Executive Officer, SingPost Group, said, “FMH Group has built a sustainable integrated logistics business in Australia. This acquisition is immediately accretive to earnings, solidifies FMH as a leading logistics provider, and continues the growth and development of our Australian operations. We look forward to welcoming Border Express to the FMH Group and SingPost Group family.”
Said Simon Slagter, Group Chief Executive Officer, FMH Group, “Border Express is a highly-regarded transportation provider throughout Australia. 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.”
Border Express Executive Director Transformation, Mark Luff, said: “We are excited to embark on this new chapter as we enter into a conditional agreement with FMH Group. Joining forces with FMH Group will provide us with access to an extensive network, cutting-edge technology and resources that will enable us to serve our customers even better and expand our reach even further.”
The transaction is subject to relevant statutory approvals and other closing conditions.
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About FMH Group
FMH Group is a diversified logistics holding company with divisions across 4PL and Warehousing, Transportation, and Technology. Its vision is to create a new logistics ecosystem, where people and physical assets are connected through a ubiquitous technology platform, enabling true supply chain efficiency. FMH Group is 88% owned by Singapore Post. www.fmhgroup.com.au
About Singapore Post Limited (SingPost)
Singapore Post (SingPost) is a leading postal and eCommerce logistics provider in Asia Pacific. The portfolio of businesses spans from national and international postal services to warehousing and fulfilment, international freight forwarding and last mile delivery, serving customers in more than 220 global destinations. Headquartered in Singapore, SingPost has over 4,900 employees, with offices in 13 markets worldwide. Since its inception in 1858, the Group has evolved and innovated to bring about best-in-class integrated logistics solutions and services, making every delivery count for people and planet. www.singpost.com
About Border Express
Border Express is a national transport and distribution services company with a strong capital city and regional network. Its vision is to be recognised by our customers as the industry leader in service, delivery and value. To achieve this it leverages off its greatest assets – people, process, innovation and technology, in an environment that’s focused on safety and sustainability. Find out more at www.borderexpress.com.au
For media enquiries:
Julia Loughlin Founder and Principal Consultant Echomakers, on behalf of FMH Group m: +61 422 281 915 | Sophia Ong Group Communications and Marketing SingPost m: +65 9839 1855 |
For media enquiries:
Julia Loughlin Founder and Principal Consultant Echomakers, on behalf of FMH Group m: +61 422 281 915 | Sophia Ong Group Communications and Marketing SingPost m: +65 9839 1855 |
Melbourne, 28th June 2024 – Singapore Post subsidiaries, CouriersPlease and FMH Group are pleased to announce the completion of their merger, effective 27th June, combining their unique strengths and capabilities to drive innovation in the logistics industry and deliver enhanced value to customers.
This strategic merger brings together CourierPlease’s expertise in consumer parcel delivery with FMH Group’s leadership across logistics technology, transportation, warehousing and fourth-party logistics.
The merger brings the total annual revenue of FMH Group to $1.3 billion, making it one of the top five largest logistics companies in Australia.
“Our merger with CouriersPlease represents an exciting milestone for us. They are a renowned brand in consumer parcel delivery with a rich history spanning more than 40 years,” said FMH Group CEO, Simon Slagter.
“Together, we will leverage our unique strengths and capabilities to improve our operational excellence, enhance our service offering, and ultimately, better serve our customers.”
CouriersPlease and FMH Group are both subsidiaries of Singapore Post. The merger represents a strategic decision to optimise excellence across the two organisations.
“We are thrilled about the possibilities that lie ahead,” said Richard Thame, CEO of CouriersPlease. “FMH Group has achieved significant growth in a short amount of time due to its technological innovation and vision to create a new logistics ecosystem that creates true supply chain efficiency.
“By joining forces, we are well-positioned to deliver superior value to our customers, create new opportunities for our employees and Franchise Partners, and drive sustainable growth,” he said.
CouriersPlease will continue to operate under its own brand, from its own offices and with its existing team of employees and Franchise Partners. Customers can expect a seamless transition.
“The driver of this strategic merger is growth. Our people have always been and will continue to be critical to our success,” FMH Group CEO, Simon Slagter said.
It will remain business as usual for the two businesses as they gradually integrate their systems to strengthen their ability to deliver more value to our customers.
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About FMH Group
FMH Group is a diversified logistics holding company with divisions across 4PL and Warehousing, Transportation, and Technology. Its vision is to create a new logistics ecosystem, where people and physical assets are connected through a ubiquitous technology platform, enabling true supply chain efficiency. FMH Group comprises 4PL, efm Logistics, technology company, Flip, Border Express, and Logistics Holdings Australia, under which is GKR Transport, Niche Logistics, Formby Logistics and Spectrum Transport. FMH Group is owned by Singapore Post. www.fmhgroup.com.au
About CouriersPlease
CouriersPlease is Australia’s fastest growing e-commerce and parcel delivery franchise with a 40-year history of success, servicing Australia’s leading retail brands. Owned by Singapore Post, it offers competitively priced final mile parcel delivery solutions through 800-plus Franchise territories and an extensive network of delivery partners. A multi-award-winning courier specialist, CouriersPlease received a 5 Star rating on the FRANData Franchise Rating Scale and the NORA (National Online Retailers Association) Solution Partners ‘Best Carrier’ Award in 2023. For more information, visit couriersplease.com.au.
For media enquiries:
Julia Loughlin
Founder and Principal Consultant
Echomakers, on behalf of FMH Group
M: +61 422 281 915
julia@echomakers.com.au
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