Wallenborn acquires stake in Skyroad Logistics
25 / 11 / 2022
Air cargo road feeder services (RFS) operator Wallenborn is acquiring a shareholding in Australian RFS firm Skyroad Logistics.
The stake, which Wallenbon told Air Cargo News it is “not disclosing” at this stage, enables Wallenborn to add Oceania to its RFS network, which already provides extensive coverage in Europe and the Middle East.
The agreement covers Air Cargo RFS, Express Transport and Project Transport service offerings and is expected to expand the fleet and facilitate development of new products and services for the Australian market.
Skyroad Logistics will continue to operate from its head office in Melbourne, and service depots in Sydney and Brisbane.
Skyroad Group managing director Peter Assel, who co-founded the business, will remain as a shareholder and managing director.
Frantz Wallenborn, president and chief executive at Wallenborn, commented: “Skyroad is a perfect fit in our portfolio of quality-focused organisations providing a full spectrum of products and services.
“They are pioneers- for example the first TAPA TSR certified company in Australia- and their “can-do” spirit has dramatically changed the air-cargo landscape since 2015.
“Strategically, this is the latest step in our mission to consistently provide a broad range of products and services to our key accounts with more acquisitions on the horizon.
“We’re already number one in Europe and the Middle East and now we’ll be delivering new benefits and opportunities for our customers in Australia.”
Assel added: “The company had achieved its goal of market leadership in Road Feeder Services in Australia within just seven years, and with strong growth and a strong future investment plan in place including record fleet orders from Kenworth, it was timely to seek further investment partners.
“Since my co-founder Anthony Clark passed away from cancer early in 2020 my focus has been on our goals and our company vision. However, with our rapid expansion, it was obvious I needed a partner and Wallenborn ticks all the boxes with a similar customer profile, an ambitious business plan and the expertise to scale up.”