SINGAPORE: National mail carrier Singapore Post said that it will acquire an Australia-based parcel delivery company “Quantium solution” for S$104.66 million ‘which is wholly owned by sing post’ to expansion into the e-commerce logistics business.
SingPost described CouriersPlease as one of Australia’s leading metropolitan small parcel delivery businesses with an extensive nationwide network of 575 franchisees. CouriersPlease’s depots are located primarily in eastern and southern Australia, which comprise the majority of the delivery market in the country.
“In line with our vision to be the regional leader in e-commerce logistics, we have been enhancing our capabilities in the areas of freight-forwarding, customs and regulatory management, warehousing and fulfilment, last-mile delivery and returns and front-end web-solutions,” SingPost Group CEO Dr Wolfgang Baier said in a statement.
The acquisition of CouriersPlease, an established last mile service provider in Australia, will help to strengthen SingPost’s ability to support its growing e-commerce logistics business in the region, he added.
