C.H. Robinson to buy APC Logistics
C.H. Robinson has agreed to buy APC Logistics, a provider of freight forwarding and customs brokerage services in Australia and New Zealand. Founded in 1974 and headquartered in Melbourne, Australia, APC Logistics employs around 300 people and has seven offices in Australia and two offices in New Zealand.
In a statement issued yesterday (31 August), C.H. Robinson said that it intends to purchase APC Logistics for approximately $300m AUD (approximately $225m USD) in cash.
The two companies have had a long-standing exclusive agent relationship for business in Australia and New Zealand.
Once the deal closes, C.H. Robinson will integrate APC Logistics into its Global Forwarding division and single global technology platform, Navisphere.
