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.
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