Media Release
18 June 2002
Toll acquire Ausdoc DX business
Toll Holdings, Australia's leading
provider of integrated logistics and transportation services today announced
that it had reached agreement with AUSDOC Group Ltd to acquire the DX
Group business.
The acquisition involved the Australian network and fast courier operations
of AUSDOC as well as DX Mail and outsource solutions.
Toll's Managing Director, Mr Paul Little said that "the network
and courier business is an attractive addition to our Toll Ipec operations;
enabling us to build further scale in both air and road express freight
services, and adding further capability through the comprehensive point
to point courier network."
"The businesses currently have revenue of around $100M p.a. and
have strong brand awareness in the marketplace, which will benefit from
Toll's infrastructure, technology and customer focus", said Mr
Little.
It is expected that the transaction will be completed on 30 June 2002.
For further information contact
| Mr Paul Little |
|
Mr Neil Chatfield |
| Managing Director |
|
Chief Financial Officer |
| Toll Holdings |
|
Toll Holdings |
| Tel: (03) 9694 2888 |
|
Tel: (03) 9694 2888 |
| Mob: 0418 335 053 |
|
Mob: 0419 566 847 |
| 
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