CH Robinson is to acquire APC Logistics, the Australian freight forwarder, in a deal worth US$225 million.
The two companies have had a long-standing exclusive agent relationship for business in Australia and New Zealand.
“This acquisition allows us to add great talent to our Global Forwarding team and advances the strategy to expand our global network,” said John Wiehoff, Chairman and Chief Executive Officer of C.H. Robinson. “We will work hard to successfully integrate the valued employees, customers and suppliers of APC.”
APC is a privately held international freight forwarder founded in 1974 and based in Melbourne. It has seven offices in Australia and two in New Zealand. Revenue in the year to 30th June was US$251 million.
Once the deal closes, CH Robinson will integrate APC Logistics into its Global Forwarding division.