Purchase of Victory International Logistics Pty Limited by Express Logistics Group

27-4-07

Direct Capital portfolio company Express Logistics issued the following press release regarding the purchase of Victory.

Express Logistics Group (ELG) is pleased to announce that, through its wholly owned subsidiary Express Logistics Australia Pty Limited, it has completed the purchase of Victory International Logistics Pty Limited (Victory).

ELG is a leading New Zealand based international logistics service provider, offering a complete range of freight forwarding, logistics and customs brokerage services.

The purchase is based on bringing together the strengths of Victory and Express in the Australian market, to create a strong freight forwarding, customs clearance and logistics business with a focus on the following key trade-lanes: China & SEA Imports; USA Imports & Exports; and Trans-Tasman freight, distribution & Logistics.

“This acquisition provides further depth and scale to our existing Australian branch network,” said ELG Managing Director, Graeme Mann.  “The merger will create a number of positives for both Victory and Express businesses, clients, suppliers and staff.  The end result will be a stronger combined business that will provide the combined client base with access to a broader range of services.”


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For further information contact:

GRAEME MANN
Managing Director
Express Logistics Group Limited
(09) 275 4000