Toll acquires express company from Qantas
Australian-based global logistics company Toll Group said Tuesday it has acquired Qantas Airlines' express business unit for an undisclosed sum.
Toll's acquisition, the DPEX Group, will be folded into the company's international express network. That division, Toll Global Express, has seen rapid expansion in Asia the past few years, mostly on the strength of a number of acquisitions.
'As a result of enhanced volumes, TGX will now offer customers an improved service offering and will be more competitive,' said Paul Little, Toll Group managing director. 'These factors are key to our growth strategy in this market segment.'
Toll acquires express company from Qantas
