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Indiaexportnews.com

FedEx expands forwarding ops in Australia by acquiring Manton

  26.10.2018    

FedEx says it has agreed to acquire Manton Air-Sea Pty Ltd, a provider of freight forwarding and customs brokerage solutions, to expand its portfolio of offerings essential to meet the demands of 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 is a proven leader in air and ocean freight forwarding solutions, as well as customs brokerage.
Based in Sydney, Manton will operate as a subsidiary of the FedEx Trade Networks.
"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," said FedEx Trade Networks CEO Richard Smith.
"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."
"We have long admired the FedEx Trade Networks team, recognising their growth and expansion over the past several years," said Manton managing director Michael Rolls.



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