Wednesday, October 10, 2012

Freight Forwarding and Logistics Teams Pair Up Down Under

Damco to Acquire Pacific Network Global
Shipping News Feature

AUSTRALIA – CHINA – Damco, the global freight forwarding and logistics arm of Danish container and bulk shipping giant Maersk, will acquire Australian headquartered Pacific Network Global Logistics (PacNet), supply chain providers and freight forwarders in China and Australia. Damco has been looking to strengthen its overall presence in Australia in the segments where PacNet is active for some time.

By combining forces with PacNet, Damco says it significantly enhances its platform in the North Asia and Asia Pacific regions and, as a result, will gain for itself market leadership positions in retail and lifestyle sectors in Australia whilst further strengthening its position in airfreight services from China to Australia. Customers of PacNet and Damco will receive the benefits of being part of the A.P.Moller Maersk group with increased frequencies and better access to peak capacity in the fast-growing trade lane. Damco CEO Rolf Habben-Jansen said:

“I am happy to be joining forces with PacNet which is another good step forward to further build our global business. PacNet has a high reputation for service in Australia, in the apparel, footwear and retail sectors. We are combining two businesses with very aligned strategies, complementary skills, customer bases and geographic strengths, and we have already seen that our cultures match very well, which is an excellent basis to further improve our ability to serve our joint existing and future customers even better”

The acquisition will strengthen Damco’s forwarding capabilities in Australia, Hong Kong and Mainland China and the two are assuring customers they will benefit from improved service offerings, more comprehensive solutions, new products and access to a stronger and growing global network. This, according to the management will help both companies Australian customers as they seek to expand their sourcing from China to the rest of the World. Paul Milborrow, CEO of PacNet said:

“We have seen a growing demand for a broader outreach in recent years and we feel that by joining Damco we can provide our customers with a strong global presence. We will now create a leading freight forwarding business in our region with a market leading position in key industries, enabling us to better cater to the demands our customers are raising.”