CouriersPlease merge with the FMH Group
Freight Management Holdings Pty Ltd (FMH Group), a subsidiary of Singapore Post Limited (SingPost Group), has acquired Border Express following the completion of the conditional sale and purchase agreement on 1st March 2024. FMH Group has also announced its intention to merge with sister company, CouriersPlease.
The moves will increase FMH Group’s revenue to over an estimated AUD1.3 billion, and underscore FMH Group’s strategy of leveraging collaboration and integration to drive economies of scale, optimise operations and enhance the customer experience. This positions the company for continued growth and increased competitiveness in the market.
Simon Slagter, Group Chief Executive Officer, FMH Group, said: “With the completion of the acquisition of Border Express and the planned merger with CouriersPlease, we are on a trajectory of significant growth, making the FMH Group a top 5 largest logistics company by revenue in Australia. These decisions will not only expand our network but importantly, they will facilitate innovation and operational excellence. By combining our assets, scale and technology, we will be able to significantly improve efficiency and deliver value.”
Border Express Executive Director, Transformation, Mark Luff, said: “As we embark on this new chapter, we are very positive about the opportunities it presents for our team and our customers. Joining FMH Group is a strategic alignment that builds upon our success to date and will enable us to achieve the next phase of growth. We look forward to combining forces and leveraging synergies to deliver enhanced value to our customers.”
CouriersPlease CEO Richard Thame said: “CouriersPlease merging with the FMH Group signifies a practical step toward operational efficiency. Joining forces will allow us to pool talent and operational capability to deliver even greater value to customers and achieve shared success. We look forward to leveraging our individual strengths and enhancing our collective impact.”
Border Express and CouriersPlease will retain their own brand identities and employees under FMH Group, ensuring continuity for their valued team and customers.
