ACFS Port Logistics NZ will be acquiring the Coda Group business assets including the divisions of Auckland 3PL Transport (FCL & LCL), Auckland Freight Station (FAK) and the Rolleston DC in Christchurch.
The transition is expected to be completed by May 1st 2025 where the business will operate and rebranded as ACFS Port Logistics.
The acquisition does not affect Coda Group’s 4PL operations, nor its Bay of Plenty and Savill Drive locations.
“We are excited to welcome Coda Group’s talented team into the growing ACFS business. Coda’s capabilities, service offering, and reputation align closely with our existing operations in Australia,” says Arthur Tzaneros, CEO and Managing Director of ACFS Port Logistics.
“Together, we will strengthen our value proposition for customers throughout New Zealand, and aggressively expand our footprint as a major player in the containerised logistics market.”
The Coda business assets acquired in this transaction will immediately make ACFS a major volume provider of containerised logistics services, offering a multi-modal with strategically located FCL storage facilities at Metro Port in Auckland and Rolleston in Christchurch.
Since ACFS’ expansion into the New Zealand market in Auckland in 2023, it has been actively pursuing acquisition targets to mirror its service offering with the Australian business of ACFS.
“The expertise and assets gained through this acquisition will help us realise and enhance the vision we set during COVID — to provide our New Zealand clients with the same high-quality service they experience in Australia,” Terry Tzaneros, Chairman of ACFS Port Logistics, added.
“I am extremely excited about this acquisition and look forward to welcoming the Coda employees into the ACFS Port Logistics family as we continue to grow.”
