Toll Holdings, the Asian region’s leading provider of integrated transport and logistics services, has reached an agreement on the purchase of West Australian based Courier Australia.
“This acquisition will boost Toll’s presence in Western Australia’s courier and express business segment and is another demonstration of Toll’s commitment to acquiring quality assets as opportunities present themselves,” said Mr Paul Little, Managing Director of Toll Holdings.
Courier Australia is a Courier and Express transport and logistics group, based in Western Australia. It was established in 1959 and employs about 600 staff and independent contractors in that state. Courier Australia has a strong regional network in Western Australia which will add scale to some of Toll’s existing courier and express businesses.
The Toll Group is Australia’s largest logistics company with operations in 44 countries.
“This is a good acquisition for us. It is a good fit for our existing customers, staff and business units. We anticipate Courier Australia being earnings per share positive in its first year with Toll,” Mr Little concluded.