Toll Group has agreed to purchase of 100% of the shares in Perkins Group Holdings, parent of the Perkins Shipping Group.
The conditions for the transaction include competition clearance.
The Perkins Group provides shipping, integrated freight services, land haul services and general freight services.
Perkins Shipping provides international shipping services between Darwin and Singapore via Timor Leste and coastal shipping throughout northern Australia.
"The increasing importance of south-east Asian trade to northern Australia reinforces the future prospects for organic growth of the Perkins' international shipping services linking Australia and Asia," said Toll managing director, Paul Little.
