Home / Knowledge / News / Damco buys Pacific Network Global Logistics
Damco buys Pacific Network Global Logistics
10
Oct '12
Damco, the global freight forwarder and logistics provider, will acquire PacNet, a leading freight forwarder in China and Australia. Damco is the logistics arm of the A.P. Moller-Maersk Group, with 10,800 employees worldwide and a turnover of USD 2.8 billion in 2011. PacNet, headquartered in Australia, has 382 employees and a turnover of USD 180 million in FY2011. 

Damco has been looking to strengthen its overall presence in Australia in the segments where PacNet is active for some time. Combining forces with PacNet is in that context a very logical step and an almost perfect fit. 

By combining forces with PacNet, Damco significantly enhances its platform in the North Asia and Asia Pacific regions. As a result, Damco will gain market leadership positions in retail and lifestyle sectors in Australia and further strengthen its position in airfreight from China to Australia. Customers of PacNet and Damco will receive highly competitive services, increased frequencies and better access to peak capacity in the fast-growing China-Australia trade lane.
 
“I am happy to be joining forces with PacNet which is another good step forward to further build our global business. PacNet has a high reputation for service in Australia, in the apparel, footwear and retail sectors,” says Damco CEO Rolf Habben-Jansen.
 
“We are combining two businesses with very aligned strategies, complementary skills, customer bases and geographic strengths, and we have already seen that our cultures match very well, which is an excellent basis to  further improve our ability to serve our joint existing and future customers even better,” he says.
 
The customer wins
The acquisition will strengthen Damco’s forwarding capabilities in Australia, Hong Kong and Mainland China. The customers will benefit from improved service offerings, more comprehensive solutions, new products and access to a strong and growing global network.
 
This will help Damco’s existing customers but also PacNet’s Australian customers as they seek to expand their sourcing from China to the rest of the World.
 
“We have seen a growing demand for a broader outreach in recent years and we feel that by joining Damco we can provide our customers with a strong global presence,” says Paul Milborrow, CEO of PacNet.
 
“We will now create a leading freight forwarding business in our region with a market leading position in key industries, enabling us to better cater to the demands our customers are raising,” he adds.
 
The PacNet senior management team will join Damco, and the existing operations will be run by largely the same people and the same teams, with no disruption to the high level of service all customers are accustomed to receiving.

Damco

Must ReadView All

L-R Manish Singhai, COO, Peter England; Vinai Kumar Saxena, chairman, KVIC; Ashish Dikshit, business head, ABFRL and Anshu Sinha, CEO, KVIC while signing agreement. Courtesy: ABFRL

Textiles | On 24th May 2017

Aditya Birla & KVIC enter into a strategic partnership

Aditya Birla Fashion and Retail Ltd (ABFRL) and Khadi and Village...

Courtesy: Jabong

Apparel/Garments | On 24th May 2017

Jabong Mood Store redefines online shopping in India

Jabong, India's leading online fashion retailer, has launched the...

Textiles | On 24th May 2017

Starlinger unveils FX 8.0 circular loom for fabric making

Starlinger, a leading supplier of machinery for woven plastic...

Interviews View All

Anavila Misra
Anavila Collection

Fashion shows are also encouraging and highlighting sustainable fashion

Sachin Sharma
Gem Enviro Management Pvt Ltd

There are no significant differences between virgin yarn and PET recycled...

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
May 2017

May 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search