DHL Supply Chain has agreed to purchase the Glen Cameron Group.
In what promises to create one of the largest logistics companies in Australia with combined revenue of over AU$1 billion, the acquisition is expected to strengthen DHL’s position in the evolving Australian road freight market.
The Glen Cameron Group, a well known national logistics company specialising in road freight and contract logistics, operates a fleet of 1,000 trucks and trailers, and has more than 820 employees around Australia.
Talks between the two companies regarding an acquisition had started nearly ten years ago.
Discussions recommenced nearly 12 months ago with an agreement reached recently in which DHL Supply Chain would take control of the Glen Cameron Group on 31 July.
The news was broken this morning to staff at the Glen Cameron Group headquarters in Bayswater.
The decision by DHL Supply Chain, part of the Deutsche Post Group, to acquire 100 per cent of the Glen Cameron Group, falls in line with Deutsche Post DHL Group’s strategic focus to strengthen its core logistics business and deliver long-term growth.
“This is a unique opportunity for DHL Supply Chain to add additional high-quality transport services to our warehouse and transport solutions in Australia. We look forward to offering a fuller range of transport services to existing and new customers,” said Steve Thompsett, DHL Supply Chain CEO Australia and New Zealand.
“DHL is well recognised for having a strong warehouse base and with this acquisition, we will be strengthening our offer with four services; Domestic Nationwide General Freight, Domestic Nationwide Express Freight, Specialised Services and Contract Logistics transport – with dedicated solutions for customers,” he said.
DHL Supply Chain anticipates it will benefit from the expertise of the Cameron Logistics’ team in the consumer and grocery sectors.
“Since founding the Glen Cameron Group 47 years ago and over the last five decades we have built a successful, diverse, and resilient business,” said Glen Cameron, Founder and Executive Chairman of the Glen Cameron Group.
“What began as one 8-tonne truck in 1975 has evolved to be one of Australia’s largest transport and logistic business. Together with DHL, we can take our business to the next level,” he said.
The Glen Cameron Group will benefit from DHL’s large-scale network in over 220 countries and global forwarding expertise in air, ocean and road freight to ensure strong development opportunities for the business, its customers, and its employees.
“I’m excited to see the Glen Cameron Group join with DHL. Together, we can increase our footprint and become one of the largest transport and logistics businesses in this country. With the backing of a highly successful global corporate business, we have an opportunity to invest in growth and open new opportunities for our employees, and this marks an important milestone to continue an important legacy in the Australian transportation industry,” said Cameron.
For Terry Ryan, CEO, DHL Supply Chain, Asia Pacific, the acquisition signifies DHL’s firm commitment to grow the business in Australia while enhancing its service offering to provide the best solution for customers.
“The supply chain is evolving quickly and with significant transport operational capability, we will be more agile, respond faster to changing demands, and continue to deliver on our promises,” he said.
In Australia, DHL Supply Chain employs some 4,000 logistics professionals at its warehouses and transport operations.
“I’ve made the right decision with the right partner at the right time,” said Cameron.
“I’m delighted with the result and it gives assurity to my people and my customers and suppliers going forward which is the real aim.
Glen Cameron, who will turn 70 in August, indicated he will stay on with the business for the first 12 months of the integration.