SingPost Group makes moves to become regional leader in ecommerce logistics
Quantium Solutions (Australia) Pty Ltd, the wholly-owned subsidiary of Singapore Post Ltd (SingPost Group), is acquiring 100% of Couriers Please Holdings Pty Limited (CP Holdings), an Australia-based parcel delivery company, from New Zealand Post Group for A$ 95 million, complementing its ecommerce logistics capabilities in Australia, in an announcement by the Group.
Quantium Solutions is an established regional ecommerce logistics provider offering fulfilment and ecommerce solutions. With operations in 12 countries within the Asia Pacific region and access to more than 220 countries/territories worldwide, Quantium Solutions delivers a low-cost service in domestic markets and within the region.
CouriersPlease is one of Australia’s metropolitan small parcel delivery businesses. It has extensive national coverage, a low cost network and operates an asset light franchisee model, with depots located primarily in Eastern and Southern Australia, comprising the majority of the Australian delivery market. As one the few operators with national coverage, CouriersPlease provides metropolitan and nationwide small parcel freight fulfillment.
Mr Kok Peet Leong, Regional Director (Pacific) of Quantium Solutions International said: “Australia is an advanced market for ecommerce and we see good growth potential as regional emerging markets open up and further engage in ecommerce. With our end-to-end solutions, Quantium Solutions aim to enable large overseas brands as well as small and medium-sized enterprises (SMEs) in Australia to participate in ecommerce in Asia Pacific. In addition to deploying CourierPlease’s last-mile expertise, we will continue to work with postal peers and other strategic partners to tap the growing ecommerce market in Australia and beyond.”
Dr Wolfgang Baier, Group Chief Executive Officer of SingPost Group said: “In line with our vision to be the regional leader in ecommerce logistics, we have been enhancing our capabilities in the areas of freight-forwarding, customs & regulatory management, warehousing & fulfillment, last-mile delivery & returns and front-end web-solutions. As part of this strategy, the acquisition of CouriersPlease, an established last mile service provider in Australia, will help to strengthen our ecommerce last mile capability to support our growing ecommerce logistics business in the region.”
He added: “SingPost will add significant value to CouriersPlease through our access to marquee ecommerce customers, expertise in technology and automation, as well as innovations in our approach to last mile delivery and products. I look forward to harnessing our combined capabilities in operations and technology to develop innovative solutions not only for our customers in Australia but also in other markets. I expect to derive good synergies between the Group and CouriersPlease including implementing best practices from each party.”
