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Mondiale Freight merger creates $1.3bn “global giant”

Mondiale Freight merger creates $1.3bn “global giant”

NZ Truck & Driver News

 April 2021   

New Zealand’s largest privately-owned logistics provider, Mondiale Freight Services, is to merge with its major Australian equivalent, VISA Global Logistics – creating “a new global freight giant.” 

Mondiale says that the combined Mondiale VISA business will have a turnover of $NZ1.3billion – “propelling it into the top 30 ocean freight forwarders in the world” and making it the largest privately-owned freight forwarder in Oceania. 

“The integrated service offering provided in NZ and Australia will be unrivalled, given the investment in logistics infrastructure that this merger provides to the market,” says Mondiale CEO Ray Meade, who will take the same role in the merged group. 

“We work in a sector where scale is increasingly important,” says Meade. 

“The strength of the combined entity, supported by its extremely valued and dedicated staff, will deliver significant advantage to both its existing and future customer base.” 

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New Zealand’s largest privately-owned logistics provider, Mondiale Freight Services, is to merge with its major Australian equivalent, VISA Global Logistics – creating “a new global freight giant.” 

Mondiale says that the combined Mondiale VISA business will have a turnover of $NZ1.3billion – “propelling it into the top 30 ocean freight forwarders in the world” and making it the largest privately-owned freight forwarder in Oceania. 

“The integrated service offering provided in NZ and Australia will be unrivalled, given the investment in logistics infrastructure that this merger provides to the market,” says Mondiale CEO Ray Meade, who will take the same role in the merged group. 

“We work in a sector where scale is increasingly important,” says Meade. 

“The strength of the combined entity, supported by its extremely valued and dedicated staff, will deliver significant advantage to both its existing and future customer base.” 

Meade says that despite disruption in global shipping and supply chains, there has been a big increase in volumes to deal with, which lifted the profitability of the shipping companies. 

“Our revenue has increased substantially, as has the number of shipments that we handle.”

Mondiale and VISA combined currently handle around 500,000 containers annually and employ over 1500 people globally – in its operations across NZ, Australia, North Asia, South East Asia, the Indian sub-continent and Europe. 

Both companies have made significant investments in wharf transport in NZ and Australia, where they offer a total end-to-end supply chain solution.

The founding seven executive shareholders of Mondiale and VISA will remain with the company as shareholders in their executive positions.  

Meade and Mondiale’s directors say on the company’s website that the “coming together and collaboration of our two very successful businesses is very positive news” for Mondiale customers.

“It will deliver an even greater global reach through our combined network of our own offices throughout NZ, Australia, Asia and Europe….supported by an unequalled global agency structure.”

It will mean, “from day one…. very much business as usual.” There will be no disruption to the current service.

The two businesses have both been operating for more than 30 years and say they share the same values, customer focus and experience.  


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