Singapore’s national postal service provider, SingPost, has acquired a 90% stake in Famous Pacific Shipping Limited (FPSNZ) through its subsidiary Famous Holdings Pte Ltd.
FPSNZ is a New Zealand-based freight forwarder focusing primarily on sea and air freight forwarding together with customs clearance for inbound and outbound shipments from New Zealand.
Famous Holdings is SingPost’s freight forwarding arm with offices in seven countries including Singapore, Japan, Australia, China, Malaysia, UK and the US. It provides freight services as well as other value-added services including customs and regulatory management.
SingPost's Group Chief Executive Officer, Wolfgang Baier, said: “This acquisition will allow SingPost to broaden our freight network and establish an entry point into the New Zealand freight market. It also strengthens our capability to provide customers with an integrated e-commerce logistics solution and complements our existing postal and parcel networks.”
SingPost has been steadily expanding beyond Singapore and become a leading provider of mail, logistics and e-commerce solutions in Singapore and the Asia Pacific region, with operations in more than 10 countries.
Nol van Fenema