Today, Toll Group announced it has entered an agreement to acquire Transolve Global (Transolve), an Australian-based specialist in international freight forwarding of wine, bulk liquids, and perishables. This strategic acquisition enhances Toll Global Forwarding's capabilities, allowing it to offer innovative solutions to an expanded customer base. The transaction is expected to be completed in a few weeks.
Transolve, with its renowned expertise in handling wines, bulk liquids, and perishables, will operate as a separate brand within the Toll Global Forwarding division. This acquisition positions Toll Group to provide enhanced services, offering new solutions to existing customers and serving as an alternative service provider for sectors requiring these specialised services.
The acquisition will allow Transolve's customers to leverage Toll's extensive international network, gaining access to a broader range of logistics services. Transolve's CEO, Rachael Budd, will lead the new business unit and join the Toll Global Forwarding leadership team as Senior Vice President Transolve, bringing invaluable expertise and leadership.
This acquisition marks a significant step in Toll Group's commitment to supporting its customers' regional and global growth ambitions.
We are very excited about Transolve becoming part of Toll. The Transolve team has built impressive capabilities that will significantly enhance our customer solutions for customers and drive our growth in our strategic verticals.
Suhail Qureshi
Interim President of Toll Global Forwarding
We are thrilled to be a part of Toll Group. This acquisition amplifies our capabilities and expands our reach, enabling us to deliver more value to our customers in the wine, bulk liquids, and food & beverage sectors.
Rachael Budd
CEO of Transolve
About Toll Group
At Toll, we do more than just logistics - we move the businesses that move the world. Our 16,000 team members can help solve any logistics, transport or supply chain challenge – big or small. We have been supporting our customers for more than 130 years. Today, we support more than 20,000 customers worldwide with 500 sites in 28 markets and a forwarding network spanning 150 countries. We are proudly part of Japan Post — www.tollgroup.com.