Toll Group has entered into an agreement to acquire an Australian-based specialist in international freight forwarding of wine, bulk liquids and perishables.
Toll Group said the move to acquire Transolve Global (Transolve) is a strategic acquisition that will enhance Toll Global Forwarding’s capabilities, allowing it to offer innovative solutions to an expanded customer base.
The transaction is expected to be finalised in just a few weeks.
Transolve will continue to operate as a separate brand within the Toll Global Forwarding division.
According to Toll Group, the acquisition will allow Transolve’s customers to leverage Toll’s extensive international network, gaining access to a broader range of logistics services.
Transolve CEO, Rachael Budd. Image: Toll GroupTransolve’s CEO, Rachael Budd, will lead the new business unit and join the Toll Global Forwarding leadership team as Senior Vice President Transolve.
“We are thrilled to be a part of Toll Group. This acquisition amplifies our capabilities and expands our reach, enabling us to deliver more value to our customers in the wine, bulk liquids, and food & beverage sectors,” she said.
Interim President of Toll Global Forwarding, Suhail Qureshi, added, “We are very excited about Transolve becoming part of Toll. The Transolve team has built impressive capabilities that will significantly enhance our customer solutions for customers and drive our growth in our strategic verticals.”
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