Thomsons nets big sale
Freight forwarder PacNet has been acquired by Damco, one of the world’s leading third-party logistics providers._x000D_
Firm: Thomsons Lawyers (PacNet)
To continue reading the rest of this article, please log in.
Create free account to get unlimited news articles and more!
Deal: Acquisition of Pacific Network Global Logistics (PacNet) by Damco
Area: M&A
Value: Undisclosed
Key players: Lead Thomsons partner was Loretta Reynolds with support from associate Charles Slattery
Deal significance: PacNet is a leading freight forwarder in Australia and China. Its acquirer, Damco, is one of the world's leading third-party logistics providers specialising in customised freight forwarding and supply chain solutions. Damco is the logistics arm of the A.P. Moller – Maersk Group, with 10,800 employees worldwide. The acquisition significantly enhances Damco's platform in the North Asia and Asia-Pacific regions and strengthens its forwarding capabilities in Australia, Hong Kong and China.