The Australia division of Japan-headquartered Yusen Logistics has acquired Hitech Asia Pacific - a sensitive freight specialist employs 110 staff at eight locations across Australia and New Zealand.
The acquisition will diversify Yusen Logistics’ portfolio into technical services supply chain, including specialised services supporting the medical and business equipment sectors.
Following the acquisition, the business will become a division of Yusen Australia; increasing Yusen’s total revenue to over US$150 million and its number of employees to almost 560. The acquisition will give Yusen access to Hitech’s blue chip customers such as Canon, Siemens, GE, Philips and Device Technologies along with new services such as the installation and calibration of medical and business machinery.
Widening the geographical reach
"Historically, as much as 80% of our business was Japanese centric. In recent years, our growth strategy has been to expand our customer base to include Europe and the U.S., the acquisition of Hitech will allow us to further develop trade with these countries and also open opportunities with the Chinese and Korean markets,” said Yusen Logistics Australia managing director, Ian Pemberton.
The move is part of a recent trend of Australian companies being taken over by larger international firms, including Aramex’s recent buyout of Fastway and Japan Post’s acquisition of Toll Holdings last year.
Yusen Logistics was formed in 2011 through the merger of NYK’s freight forwarding business Yusen Air & Sea and its domestic logistics business NYK Logistics.
Nol van Fenema