News / CH Robinson continues consolidation plans with $226m APC Logistics buy in Australia

CH Robinson has stuck to its pledge to grow via acquisition, having agreed to buy Australia’s APC Logistics for A$300m ($226m).

APC is Australia’s largest independent forwarder, with a 10% market share, and has been CH Robinson’s agent since 2000 on US-Australasian business.

The Melbourne-headquartered company earned revenues of some $251m in the past fiscal year, and has seven offices in Australia and two in New Zealand.

The acquisition is expected to be accretive in 2016 and 2017 and will be financed through ...