DHL Supply Chain to Acquire Australia-based Glen Cameron Group
DHL Supply Chain, part of the Deutsche Post Group (DPDHL), is acquiring 100% of the Glen Cameron Group, an Australian logistics company specialising in road freight and contract logistics.
The Glen Cameron Group operates a fleet of 1,000 trucks and trailers, and has more than 820 employees around Australia.
The strategic combination of the Glen Cameron Group with 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 $707 million.
Oscar de Bok, CEO, DHL Supply Chain said: “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."
Terry Ryan, CEO, DHL Supply Chain, Asia Pacific said that the acquisition signifies DHL's commitment to grow business in Australia. "The supply chain is evolving quickly. With significant transport operational capability, we will be more agile, and respond faster to changing demands."
With this acquisition, DHL will be strengthening - Domestic Nationwide General Freight, Domestic Nationwide Express Freight, Specialised Services and Contract Logistics transport, said Steve Thompsett, CEO, DHL Supply Chain Australia and New Zealand.
The Glen Cameron Group is recognized as a leader in freight and contract logistics and DHL will benefit from the expertise of the Cameron Logistics’ team in the consumer and grocery sectors.
Glen Cameron, Founder and Executive Chairman of the Glen Cameron Group said: “The Glen Cameron Group will benefit from DHL’s large-scale network in over 220 countries and global forwarding expertise in air, ocean and road freight to ensure strong development opportunities."
“Together, we can increase our footprint and become one of the largest transport and logistics businesses in this country. This marks an important milestone to continue an important legacy in the Australian transportation industry,” Mr Cameron concluded.