Yusen Logistics (Australia) Pty. Ltd. (Managing Director：Ian Pemberton) hereby announces the acquisition on March 1 of the Hitech Asia Pacific brand businesses from the Hi-tech Express Group (CEO: Tom Devjak; hereinafter 'Hitech'), a logistics provider based in Australia.

Hitech specializes in domestic logistics, offering an end-to-end logistics service that integrates the land transportation, installation and calibration of sensitive freight such as medical and business machinery. The company has eight locations across Australia and New Zealand, having a share of approximately 70 percent of the medical equipment transportation market.

This acquisition will expand and improve the quality of Yusen Logistics' services; increasing our presence through the expansion of new bases in New Zealand which complement our Group's capabilities. Yusen Logistics will grow sales in the high-value added logistics service of sensitive freight and by integrating this service with our ocean and air freight forwarding and contract logistics services, the company aims to further expand its business.

Ian Pemberton, Managing Director of Yusen Logistics Australia, said: 'We are very excited about the opportunities Hitech will bring Yusen Logistics and the additional services we will be able to offer to our customers. Hitech's skills in sensitive freight are highly complementary to Yusen Logistics' global 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.'

Tom Devjak, CEO of Hitech, said: 'We are delighted to be joining Yusen Logistics. Hitech will benefit from access to Yusen Logistics' extensive global network including prime airport locations and international freight forwarding capabilities. We will now be able to offer customers seamless global transportation services.'

Hi-tech Express Group Company Profile

Company name: Hi-tech Express Group Pty Ltd

Headquarters: 160 Newton Road, Wetherill Park NSW 2164

Representative: CEO, Tom Devjak

Founded: 2000

Employees: 110

Acquired businesses: Sensitive freight logistics and installation services

Yusen Logistics (Australia) Company Profile

Company name: Yusen Logistics (Australia) Pty. Ltd.

Headquarters: 3 Davis Road, Wetherill Park, NSW 2164, Australia

Representative: Managing Director, Ian Pemberton

Founded: 1988

Employees: 450

Yusen Logistics Co. Ltd. issued this content on 10 March 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 10 March 2016 00:37:38 UTC

Original Document: http://www.yusen-logistics.com/en/resources/press-and-media/8449