Supply Chain Offerings Enhanced With Acquisition
Yusen Logistics (Australia) Pty. Ltd. has acquired the Hitech Asia Pacific brand businesses from the Hi-tech Express Group, a logistics provider based in Australia.
Hitech specializes in domestic logistics, offering an end-to-end logistics service that integrates the land transportation, installation, and calibration of sensitive freight such as medical and business machinery. The company has eight locations across Australia and New Zealand, having a share of approximately 70 percent of the medical equipment transportation market.
The acquisition will expand and improve the quality of Yusen Logistics’ services; increasing its presence through the expansion of new bases in New Zealand which complement the group’s capabilities, according to a company statement. Yusen Logistics plans to grow its sales in the high-value added logistics service of sensitive freight by integrating the Hitech service with its ocean and air freight forwarding and contract logistics services.
“Hitech’s skills in sensitive freight are highly complementary to Yusen Logistics’ global capabilities,” said Ian Pemberton, Managing Director of Yusen Logistics Australia. “We will be positioned to deliver top quality logistical and transport services with a fully integrated service combining every aspect of the supply chain.”
“Hitech will benefit from access to Yusen Logistics’ extensive global network including prime airport locations and international freight forwarding capabilities,” said Tom Devjak, CEO of Hitech. “We will now be able to offer customers seamless global transportation services.”
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