Japan Post’s logistics arm Toll Group has completed the acquisition of Australia-based Transolve Global, a specialist in international freight forwarding of wine, bulk liquids and perishables.
According to Toll Group, the acquisition strengthens its ability to deliver innovative logistics solutions to its expanded customer base, leveraging Transolve’s expertise in handling specialized commodities.
Transolve will be integrated as a separate brand within Toll Global Forwarding to ensure continuity in service while enhancing the offerings available to customers.
Rachael Budd, CEO of Transolve, will now lead the new business unit within Toll Global Forwarding as senior vice president Transolve. Her leadership and industry expertise will play a crucial role in advancing the company’s commitment to delivering greater value to customers across strategic verticals, according to the company.
In related news, in a move to expand its service offering for small and midsize enterprises (SMEs), DHL Supply Chain has acquired e-commerce fulfillment and retail distribution logistics provider IDS Fulfillment. Read the full story here