Australian express and logistics group Toll has continued its international expansion with theacquisition of SAT Albatros (SAT), a Dubai-based provider of sea-air freight forwarding
services.Toll Group’s Managing Director Paul Little stressed that the acquisition will further strengthenToll’s strategic position in the Middle East and on the Asia-Europe trade lane. Providing combinedsea-air logistics from Asia to Europe with its weekly scheduled services, SAT offers an alternativeto pure air or sea freight on this route.
“With a strong customer base and as the market leader in this service offering, SAT will supportour intention to further develop in this market. Building our business with a niche Sea-Airprovider gives us further scope to offer our customers the opportunity to match speed to marketwith a cost-effective service. For customers who want to transport goods quickly but keep costsdown, this integrated option can offer significant cost savings over pure air freight,” Littlesaid.
SAT, which had revenues of more than $40 million in 2010, will form part of Toll’s rapidlydeveloping Global Forwarding division, adding further capacity to the Group in the Middle Eastfollowing the 2009 acquisition of Dubai-based Logistic Distribution System (LDS), the companysaid.
“SAT has strong links in Europe and in particular Germany, which itself accounts for a majorityof volume at destination,” Little explained.
“The integration of SAT will allow us to secure a blue-chip well-established customer baseprincipally consisting of European fashion apparel, electronics, and consumer goods conglomeratessourcing products from Asia,” he added.
