DHL Supply Chain’s latest deal could create Australia’s largest logistics company with a combined revenue of more than $1 billion AUD.
DHL has agreed to acquire Glen Cameron Group, a fleet that operates 1,000 trucks and trailers and has more than 820 employees Australia-wide. It also specialises in national road freight and contract logistics.
The decision by DHL Supply Chain, part of the Deutsche Post Group, to acquire 100 per cent of the Glen Cameron Group, falls in line with Deutsche Post DHL Group’s strategic focus to strengthen its core logistics business and deliver long-term growth.
“This is a unique opportunity for DHL Supply Chain to add additional high-quality transport services to our warehouse and transport solutions in Australia,” DHL Supply Chain CEO Australia and New Zealand, Steve Thompsett, told Prime Mover in an exclusive interview.
“We look forward to offering a fuller range of transport services to existing and new customers.
“DHL is well recognised for having a strong warehouse base and with this acquisition.
“We will be strengthening our offer with four services: Domestic Nationwide General Freight, Domestic Nationwide Express Freight, Specialised Services and Contract Logistics transport, with dedicated solutions for customers,” he said.
Cameron Logistics’ expertise in consumer and grocery sectors is expected to greatly benefit DHL.
“Since founding the Glen Cameron Group 47 years ago and over the last five decades we have built a successful, diverse, and resilient business,” said Glen Cameron, founder and Executive Chairman of the Glen Cameron Group.
“What began as one 8-tonne truck in 1975 has evolved to be one of Australia’s largest transport and logistic business,” he said. “Together with DHL, we can take our business to the next level.”
DHL operates in 220 countries and has global forwarding expertise in air, ocean and road freight.
Glen Cameron, who will turn 70 in August, aims to stay with the business for the first 12 months of integration.