Quantium Solutions (Australia), a wholly-owned subsidiary of Singapore Post, announced that it is acquiring 100% of Couriers Please Holdings (CP Holdings), an Australia-based parcel delivery company, from New Zealand Post Group for AU$95m. The acquisition is designed to enhance Quantium Solutions’ e-commerce logistics capabilities in Australia.
Quantium Solutions is a regional e-commerce logistics provider offering fulfilment and e-commerce solutions. It has operations in 12 countries within the Asia Pacific region and access to more than 220 countries/territories worldwide. Quantium Solutions Australia’s operations are headquartered in Sydney.
CP Holdings has national coverage of Australia, operating a low cost network with an asset light franchisee model. The company’s revenue for the year ended June 30, 2014, was over AU$100m.
Kok Peet Leong, Regional Director (Pacific) of Quantium Solutions International said, “Australia is an advanced market for e-commerce and we see good growth potential as regional emerging markets open up and further engage in e-commerce. 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 e-commerce market in Australia and beyond.”
Wolfgang Baier, Group Chief Executive Officer of SingPost Group said, “In line with our vision to be the regional leader in e-commerce logistics, we have been enhancing our capabilities in the areas of freight forwarding, customs & regulatory management, warehousing and fulfilment, last-mile delivery & returns and front-end web-solutions. As part of this strategy, the acquisition of CP Holdings, an established last mile service provider in Australia, will help to strengthen our e-commerce last mile capability to support our growing e-commerce logistics business in the region.”
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