DHL Supply Chain announced that it is acquiring 100% of the Glen Cameron Group, an Australian logistics company specializing in road freight and contract logistics.
In a statement, DHL said the "strategic combination" of the Glen Cameron Group with the DHL Supply Chain will strengthen DHL's position in the evolving Australian road freight market and create one of the largest logistics companies in the country with combined revenue of over AU$1 billion (670 Mio €).
The Glen Cameron Group operates a fleet of 1,000 trucks and trailers around Australia.
"Given DHL Supply Chain's continued outstanding performance, we strategically invest to further facilitate our accelerated growth, meeting our customers' current and emerging needs. Therefore, I am delighted that we are acquiring this market-leading transportation business in Australia, making us the clear provider of choice in a significant logistics market," said Oscar de Bok, CEO of DHL Supply Chain.
Terry Ryan, CEO, DHL Supply Chain, Asia Pacific noted that this acquisition signifies DHL's commitment to growing its business in Australia.
"The supply chain is evolving quickly and with significant transport operational capability, we will be more agile, respond faster to changing demands, and continue to deliver on our promises," Ryan added.
For Steve Thompsett, CEO, DHL Supply Chain Australia, and New Zealand, the acquisition offers a "unique opportunity" for DHL Supply Chain to add "high-quality transport services" to our warehouse and transport solutions in Australia.
"We look forward to offering a fuller range of transport services to existing and new customers. DHL is well recognized for having a strong warehouse base and with this acquisition, we will be strengthening our offer with four services; Domestic Nationwide General Freight, Domestic Nationwide Express Freight, Specialized Services, and Contract Logistics transport - with dedicated solutions for customers," Thompsett said.
The Glen Cameron Group is known for freight and contract logistics and DHL will benefit from the expertise of the Cameron Logistics team in the consumer and grocery sectors, he added.
Glen Cameron, founder and executive chairman of the Glen Cameron Group noted how the partnership with DHL will bring their business to the "next level."
"Since founding the Glen Cameron Group 47 years ago and over the last five decades, we have built a successful, diverse, and resilient business. What began as one 8-tonne truck in 1975 has evolved to be one of Australia's largest transport and logistic business. Together with DHL, we can take our business to the next level," Cameron said.
"I'm excited to see the Glen Cameron Group join with DHL. Together, we can increase our footprint and become one of the largest transport and logistics businesses in this country. With the backing of a highly successful global corporate business, we have an opportunity to invest in growth and open new opportunities for our employees, and this marks an important milestone to continue an important legacy in the Australian transportation industry," he added.