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Thomsons nets big sale
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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)

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.

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