SingPost acquires 30% of Indo Trans Logistics
Singapore Post has announced the acquisition of a 30% stake in Vietnam-based Indo Trans Logistics (ITL) for US$10.8 million.
ITL provides integrated logistics solutions with businesses in air and sea freight forwarding, third-party logistics solutions and distribution, and general sales agency for airlines.
According to SingPost’s CEO Dr Wolfgang Baier, the acquisition gives the company a foothold into Vietnam and the Indo-China region, both of which are emerging markets with significant logistics and related opportunities. 
SingPost has made several major acquisitions in a bid to diversify its revenue base and expand its business beyond Singapore shores. These include acquisitions which resulted in the addition of two wholly-owned subsidiaries:
- Quantium Solutions, a mail-logistics solutions provider operating out of ten countries in Asia Pacific
- DataPost, a hybrid mail business with a presence in five countries.
SingPost also made a 27.08% investment in Malaysia-based GDEX Express Carrier Berhad, and acquired a 30% stake in US-based technology company, Postea.
Quelle: eyefortransport
Portal: www.logistik-express.com
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