Bolloré Logistics has completed its 100% acquisition of Lynair Logistics to expand its footprint in Australia.
Adelaide-based Lynair Logistics will retain its brand name temporarily and continue its business operations as usual following the acquisition by Bolloré Logistics Australia, effective August 1.
Established in South Australia since 2002, Lynair Logistics specialises in airfreight, oceanfreight, customs clearance, global shipping, and logistics.
“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, chief executive of Bolloré Logistics, Pacific Region.
“Lynair will carry on its business as usual and will have the strong support of Bolloré Logistics Australia as well as its global network,” added David Guarnera, state manager of Victoria and South Australia, Bolloré Logistics Australia.
Augustin Paul, managing director of Lynair Logistics, commented: “We have achieved very well to be where we are today as a reputable international freight and logistics
“This, of course, comes with a great team of staff working together, along with the support and trust of our customers that we have established over the years. Being powered by Bolloré Logistics will offer more features and resources for our team to ensure that customers continue receiving high levels of service.”
In April, the Bolloré Group agreed to sell its African logistics business to container shipping giant MSC in a deal with an enterprise value of €5.7bn