Thomson Geer has acted for the shareholders of Freight Management Holdings (FMH) in selling an additional 37% stake of FMH to SingPost for A$175.4m, raising SingPost's shareholding to 88%. FMH is the leading 4th party logistics (“4PL”) service provider based in Australia, providing integrated supply chain and distribution services through a proprietary technology platform.
The strategic acquisition of FMH is a key move in strengthening the SingPost Group in the overseas logistics space. The acquisition will allow SingPost to offer customers technology-led integrated business-to-business and business-to-consumer logistics solutions in Australia
The Thomson Geer team was led by Partner, David Schiavello and supported by Senior Associate, Dan Kerr