DHL Supply Chain has announced it will acquire the Glen Cameron Group, a national logistics company specialising in road freight and contract logistics.
Glen Cameron Group operates a fleet of 1000 trucks and trailers and has more than 820 employees around the country. DHL Supply chain is positioned to acquire 100% of the company.
The combination of Glen Cameron Group and DHL Supply Chain is expected to strengthen DHL’s position in the Australian road freight market.
DHL Supply Chain said the acquisition would create one of the largest logistics companies in the country with combined revenue of more than $1 billion.
Steve Thompsett, CEO of DHL Supply Chain Australia and New Zealand, described the acquisition as a unique opportunity for the company to add high-quality transport services to its warehouse and transport solutions in Australia.
“DHL is well recognised for having a strong warehouse base and with this acquisition, we will be strengthening our offer with four services; Domestic Nationwide General Freight, Domestic Nationwide Express Freight, Specialised Services and Contract Logistics transport,” Mr Thompsett said.
Glen Cameron, founder and executive chairman of Glen Cameron Group, said the company would benefit from DHL’s network across more than 220 countries and its forwarding expertise in air, ocean and road freight.
“Since founding the Glen Cameron Group 47 years ago and over the last five decades we have built a successful, diverse, and resilient business,” Mr Cameron said.
“What began as one 8-tonne truck in 1975 has evolved to be one of Australia’s largest transport and logistic business. Together with DHL, we can take our business to the next level.
“With the backing of a highly successful global corporate business, we have an opportunity to invest in growth and open new opportunities for our employees, and this marks an important milestone to continue an important legacy in the Australian transportation industry.”
DHL Supply Chain CEO Asia Pacific Terry Ryan said the acquisition will support the business’s expansion in Australia.
“The supply chain is evolving quickly and with significant transport operational capability, we will be more agile, respond faster to changing demands, and continue to deliver on our promises.”