FedEx has agreed to acquire Manton Air-Sea Pty Ltd an Australian-based provider of logistics services including freight forwarding and customs brokerage solutions.
The express powerhouse didnt reveal any financial details of the deal, but said it would expand the FedEx service offering in the Asia Pacific region.
FedEx said Manton’s capabilities complement and expand its portfolio of offerings essential to the rapidly growing global commerce landscape. The acquisition is expected to close later this year and is subject to customary closing conditions.
With operations across Australia, Manton connects customers to global markets through regional gateways and relationships with multiple air carriers. With specific expertise in the healthcare and automotive markets, Manton has extensive experience and knowledge in air and ocean freight forwarding solutions, as well as customs brokerage.
Headquartered in Sydney, Australia, Manton will operate as a subsidiary of the FedEx Trade Networks operating company.
FedEx trade networks president and chief executive officer, Richard W. Smith said: “Adding Manton’s capabilities to FedEx Trade Networks and the broader FedEx portfolio will open up opportunities for us to continue to expand in Australia, a country with a strong GDP and a significant market in the Asia Pacific region.
“We look forward to potential business opportunities through the collaboration between Manton and FedEx Trade Networks with the FedEx Express and TNT presence in Asia Pacific and Australia. We are delighted to add the Manton team members to the FedEx family of companies and combine the talents of both teams to contribute to our continued success.”
Manton managing director, Michael Rolls said: “We have long admired the FedEx Trade Networks team, recognizing their growth and expansion over the past several years.
“We look forward to joining FedEx and working together to expand in Australia and other markets.”