Yusen Logistics-Australia acquires Hitech Asia Pacific to enhance supply chain offering
Supply chain and global freight forwarder Yusen Logistics has announced that it has acquired Hitech Asia Pacific – an end-to-end specialist covering process management of sensitive freight.
Hitech currently employs 110 staff at eight locations across Australia and New Zealand. Following the acquisition, the business will become a division of Yusen Australia; increasing Yusen’s total revenue to over $150 million and its number of employees to almost 560.
Yusen will have access to Hitech’s blue chip customers such as Canon, Siemens, GE, Philips and Device Technologies along with additional services such as the installation and calibration of medical and business machinery.
Yusen Logistics Managing Director Ian Pemberton said: “We are very excited about the opportunities Hitech will bring Yusen and the additional services we will be able to offer to our customers. Hitech’s skills in sensitive freight are highly complementary to Yusen’s international capabilities. We will be positioned to deliver top quality logistical and transport services with a fully integrated service combining every aspect of the supply chain.”
Hitech CEO Tom Devjak said: “We are delighted to be joining Yusen Logistics. Hitech will benefit from access to Yusen’s extensive global network including prime airport locations and international freight forwarding capabilities, we will now be able to offer customers seamless global transportation services.”
Pemberton added: “Historically, as much as 80 percent of our business was Japanese centric. In recent years, our growth strategy has been to expand our customer base to include Europe and the US, the acquisition of Hitech will allow us to further develop trade with these countries and also open opportunities with the Chinese and Korean markets.”