E-commerce logistics provider, Globavend, is expanding its operations in Australia.
Globavend has entered an agreement to acquire Top Logistics, a full-service logistics provider.
Top Logistics is headquartered in Sydney and has warehouses in Sydney, Melbourne and Brisbane. It is reported to specialise in sea and air freight, import, customs clearance, cargo-deconsolidation, packing, fulfilment, transport and logistics and warehousing services.
“The proposed transaction aligns with Globavend’s strategy to solidify its business presence and expansion into Australia,” said Globavend CEO, Wai Yiu Yau.
“According to the 2024 Australian Post eCommerce Industry Report, eight in 10 Australian households shopped online in 2023 and 9.5 million households in Australia have received a parcel in 2023.
“Australian has spent $63.6 billion in 2023 in shopping online. Given the market presence of Top Logistics has, we believe the proposed acquisition will further boost our business performance and help our business to thrive in future.”
Globavend provides end-to-end logistics solutions in Hong Kong, Australia and New Zealand.
In other news, Qube is acquiring a terminal.
