Comment / Outbound SingPost M&A: Down at the Border

ID 821038 © Bsilvia | Dreamstime.com

03/11/2023

It’s one of those smallish deals under the radar, but worth pursuing: Singapore Post (SingPost) has purchased Australian, family-owned transport company Border Express.

Let’s look at what role this cross-border deal plays in the acquirer’s overall strategy.

Overnight sensation: 40 years in the making

Singapore Post, via its Australia-based subsidiary Freight Management Holdings (FMH), has announced its intention to buy Border Express for A$210 million, you read it here this week.

It is a conditional agreement, subject to both parties ...

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chris dunphy
November 04, 2023 at 11:13 pm
The ambitions of Holgate & Allegro will be significantly curtailed by the SingPost acquisition of BEX. Team Global Logistics continues to haemorrhage while the Luff family cash out with a COVID tail-wind. The Cardaci purchases of Rocky’s Own & ABC provide them with a full national footprint, with the pending sale of Simon National completing the latest chapter of sector consolidation.

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