FedEx To Acquire Australia-based Manton Air-Sea - Quick Facts

(RTTNews) - FedEx Corp. (FDX) said it has agreed to acquire Manton Air-Sea Pty Ltd, a provider of logistics services, including freight forwarding and customs brokerage solutions.

FedEx noted that Manton's capabilities will complement and expand its own portfolio of offerings essential to the rapidly growing global commerce landscape. The acquisition is expected to close later this year.

Sydney, Australia-based Manton will operate as a subsidiary of the FedEx Trade Networks operating company.

With operations across Australia, Manton connects customers to global markets through regional gateways and relationships with multiple air carriers. With specific expertise in the healthcare and automotive markets, Manton is a leader in air and ocean freight forwarding solutions, as well as customs brokerage, FedEx noted.

"Adding Manton's capabilities to FedEx Trade Networks and the broader FedEx portfolio will open up opportunities for us to continue to expand in Australia, a country with a strong GDP and a significant market in the Asia Pacific region. We look forward to potential business opportunities through the collaboration between Manton and FedEx Trade Networks with the FedEx Express and TNT presence in Asia Pacific and Australia," said Richard Smith, president and CEO of FedEx Trade Networks.
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