Freightways Group Limited (NZSE:FRW) entered into an agreement to acquire Business and Assets of VT Freight Express Pty Ltd from VT Freight Express Pty Ltd for AUD 71 million on December 17, 2025. A cash consideration of AUD 71 million will be paid by Freightways Group Limited subject to customary completion adjustments. As part of consideration, AUD 71 million is paid towards assets of Business and Assets of VT Freight Express Pty Ltd. Subject to customary completion adjustments the Transaction price of AUD 71 million will be funded through existing and new bank debt facilities.
Completion is expected to occur on, or after, January 30, 2026, subject to customary conditions precedent.
KPMG Transaction Services Pty Limited acted as due diligence provider for Freightways Group Limited. Gilbert and Tobin acted as legal advisor for Freightways Group Limited. Wisewould Mahony acted as legal advisor for VT Freight Express Pty Ltd. Balfour Green Pty Ltd acted as financial advisor for Freightways Group Limited.
Freightways Group Limited (NZSE:FRW) completed the acquisition of Business and Assets of VT Freight Express Pty Ltd from VT Freight Express Pty Ltd on February 2, 2026.
Freightways Group Limited is engaged in the operation of express package and business mail services and information management services. It operates in three segments: Express package and business mail, Information management, and Corporate and others. The Express package and business mail segment comprises of network (hub and spoke) courier, express freight, refrigerated transport, point-to-point courier, and postal services. The Information management segment comprises of secure paper-based and electronic business information management services. This segment also comprises secure handling, treatment and disposal of clinical waste, waste renewal, and related services. The Corporate and others segment comprises of corporate, financing, and property management services. It provides archive management services for documents and computer media, including storage, retrieval, and destruction services.
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