Australasian supply chain specialist Mondiale VGL has acquired South Australian-based customs and logistics business, Customs Agency Services (CAS).
The tie-up is set to consolidate Mondiale VGL’s national presence while also building further scale in the Australasian market.
The combined group will handle over 500,000 containers and 25 million kilograms of air freight per annum, employing more than 1,500 people globally in freight forwarding, customs clearance, wharf transport, and warehousing.
Ray Meade, Mondiale VGL CEO says the acquisition will give the company access to the highly strategic Defence and eCommerce industry verticals, creating further cross-selling opportunities.
“Having worked with CAS in various forms for more than a decade, we have a deep respect for its people and the customer-centric focus embedded throughout the business. CAS will continue to operate as a stand-alone business within our broader group and operate under the same CAS name and existing team,” he says.
“Growth by acquisition is an important part of our strategy to build scale in our business and acquire companies that deliver either unique access to key market segments or which bring critical mass in key markets where we seek to further increase our presence.”
CAS specialises in international and domestic freight forwarding, customs brokerage, third-party warehousing and logistics and customs advice. Service Principals Mark Callus and Louise Rigoni say the move is an inflection point for their business, accelerating growth ambitions with a highly regarded national provider.
“Fundamentally, we believe that scale in logistics has become a critical factor in remaining relevant and competitive in our industry. Becoming a part of the Mondiale VGL Group will bring significant scale and capability to our operations in Australasia and globally.”