The transaction is in line with Qantas Group's ongoing strategy of focusing on core business areas, and with Toll's growth strategy for the Toll Global Express (TGX) division.
"DPEX will support Toll's ongoing growth and development in the region," said Toll Group's managing director Paul Little. "It is an important addition to TGX's Asia Pacific operations that acquired Deltec, Skynet and Kwikmail businesses in the middle of last year, and will provide additional scale and coverage across a network of nineteen countries in Asia."
The expansion of the Toll Priority network throughout Asia is a key component of the Toll Global Express strategy. Toll Priority and DPEX will leverage each other's capabilities and customers to further accelerate growth - both regionally and globally - within this key international express freight market.
The DPEX acquisition will provide more than A$30 million in revenue for Toll.
Completion of the transaction is subject to approval by China competition authorities as a result of both Qantas and Toll having significant unrelated existing interests in China.
