Toll Group acquires DPEX from Qantas
Toll Group has announced it will acquire the DPEX Group from Qantas – one of the largest independent express businesses in Asia. “The acquisition of the DPEX business is a great example of our growth strategy for the Toll Global Express (TGX) Division,” said Toll Group managing director, Paul Little.
“DPEX will support Toll’s ongoing growth and development in the region. It is an important addition to TGX’s Asia Pacific operations that acquired Deltec, Skynet and Kwikmail businesses in the middle of last year and will provide additional scale and coverage across a network of 19 countries in Asia,” said Little.
The acquisition of DPEX is highly complementary to the growth of TGX’s Toll Priority international express network in the Asia Pacific region. Toll Priority is the premium express satchels and documents business of the Toll Group.
The expansion of the Toll Priority network throughout Asia is a key component of the Toll Global Express strategy. Toll Priority and DPEX will leverage each other’s capabilities and customers to further accelerate growth both regionally and globally within this key international express freight market, the company said.
“As a result of enhanced volumes, TGX will now offer customers an improved service offering and will be more competitive. These factors are key to our growth strategy in this market segment,” concluded Little.
The DPEX acquisition will provide over AUS $30m in revenue and is expected to be EPS accretive in year one.
The Toll Group generates revenue in excess of AUS $6.5bn and employs over 35,000 people in 55 countries.
