Bolloré Logistics has announced that it completed its acquisition of Lynair Logistics (Lynair) on August 25, thereby expanding its footprint in Australia.
With the acquisition, effective August 1st, Bolloré Logistics Australia will fully own Lynair Logistics which is based in Adelaide.
Bolloré said Lynair will retain its brand name temporarily and continue its business operations as usual following the acquisition.
Established in South Australia in 2002, Lynair Logistics is a logistics company specializing in air freight, ocean freight, customs clearance and logistics throughout the world.
"The acquisition of Lynair Logistics further strengthens our presence in Australia, and we are pleased to welcome our new, experienced and highly capable team members into the Bolloré Logistics Australia family," said Thibault Janssens, CEO of Bolloré Logistics, Pacific Region.
David Guarnera, state manager of Victoria and South Australia, Bolloré Logistics Australia, noted that Lynair will carry on its "business as usual" and will have the strong support of Bolloré Logistics Australia as well as its global network.
Augustin Paul, managing director of Lynair Logistics, for his part, noted that being powered by Bolloré Logistics will offer more features and resources for its team to ensure that customers continue receiving high levels of service.
The transaction cost was not disclosed.
