Cargo Breaking News
With a vision to form a significant entity that will be a world leader in international transport and logistics, Visa Global Logistics (Visa) have entered into a successful merger with a New Zealand based Mondiale Freight Services (Mondiale). The merged company will have a combined annual revenue of AUD1.2 billion, with operations across Australia, New Zealand, North Asia, South East Asia, Indian Sub-Continent and Europe. Both companies have made significant investments in wharf transport in Australia and New Zealand and offers a total end to end supply chain solution in these two countries. The founding executive shareholders of Visa and Mondiale will remain with the company as shareholders in their executive positions. Mondiale Visa currently handle 500,000 containers per annum and employ more than 1500 people globally, covering all aspects of freight forwarding, customs, wharf transport and warehousing.
John Sargent, Director and Shareholder, Mondiale, said, “The Mondiale and Visa Global teams have very close synergies and are an excellent fit in the merged company.”
Vittorio Tarchi, Founding Director and Shareholder, Visa Global Logistics, said “Each company has grown globally over the last 30 plus years, with complementary global networks and with a key focus on customer service.”
Ray Meade, who has operated in the global freight markets in both Australia and New Zealand for 30 years and managed Mondiale’s Australian operations for over eight years, will become the Chief Executive Officer of the merged group. He said, “The strength of the combined entity, supported by its extremely valued & dedicated staff will deliver significant advantage to both its existing and future customer base”.
The merger is subject to customary conditions precedent with completion anticipated during March 2020.
