Toll Group has acquired the Asian operations of Deltec in Hong Kong, Singapore and Australia, as well as Kwikmail and Skynet in Hong Kong.
Deltec has multiple product offerings, including international express, local point-to-point courier and international & domestic mail, and will compliment Toll's existing airfreight operations in Australia and New Zealand.
According to Toll's managing director, Paul Little, the three acquisitions will be integrated into Toll's express parcel and document division - Toll Priority - which is expanding its Asian based express courier business.
Toll Priority has operations in Australia, New Zealand and the Pacific Islands.
"With annual consolidated revenue of around A$12 million, these acquisitions, in the strategically important hubs of Hong Kong and Singapore, provide a key platform in Toll's ongoing growth and development in the region," said Little.
"Hong Kong is the busiest cargo airport in the world and Singapore is the eighth busiest and the busiest in South East Asia, so boosting Toll's presence in these markets is an important advantage for our customers."
