Mondiale VGL Director, George Schirato, CAS Directors Louise Rigoni and Mark Callus, Mondiale VGL COO, Chris James.
Supply chain business, Mondiale VGL, is consolidating its national presence and expanding its service capabilities following its latest acquisition.
The acquisition of South Australian customs and logistics operation, Customs Agency Services (CAS), is expected to build further scale in the Australasian market for Mondiale VGL.
CAS, founded in 1976, is reported to specialise in international and domestic freight forwarding, customs brokerage, third-party warehousing and logistics and customs advice for defence, aerospace and e-commerce sectors.
It is also said to be the largest international freight forwarder in South Australia.
The combined group will handle more than 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.
“The Customs Agency Services business will consolidate our national footprint and give us access to the highly strategic defence and e-commerce industry verticals, creating significant cross-selling opportunities across our business,” said Mondiale VGL CEO, Ray Meade.
“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.
“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,” he said.
“This is an inflection point for our business, enabling us to accelerate our growth ambitions with a highly regarded national provider that is recognised as the largest, privately-owned international freight forwarding and logistics company in our region,” said Customs Agency Services Principals Mark Callus and Louise Rigoni.
“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.
“This is good news for our customers who will benefit from greater access to contested space for both sea and air cargo with access to a full suite of integrated services providing them even greater control and visibility of their supply chain,” they said.
Earlier this year, VISA Global Logistics and Mondiale Freight Services Limited agreed to merge to form a significant entity in international transport and logistics. The merged company, Mondiale VGL, was reported to have a combined annual revenue of $1.2 billion, with operations across Australia, New Zealand, North Asia, South East Asia, Indian Sub-Continent and Europe.
