The Toll Group has added to its capabilities in the over-dimensional and heavy haulage sector with the conditional acquisition of the business and assets of Nationwide Transport Solutions (NTS).
NTS has annual revenues of $17 million, is headquartered in Port Kembla, and services the over-dimensional and heavy haulage requirements of major infrastructure projects as well as the energy, alternative energy, and heavy industrial sectors.
The inclusion of NTS’ business and assets into Toll Global Logistics’ Australian operations adds significant operational capacity for future works and will allow Toll to better take part in major infrastructure projects around Australia.
Toll’s contract logistics divisional general manager Bruce Wilson said Toll sees strong growth prospects for the new business.
“We are excited about this opportunity to build on the expertise we have already developed around the wind energy sector,” Mr Wilson said.
“Along with building on our existing activities, NTS provides us with the opportunity to drive strong growth such as in infrastructure projects.”
Toll Group managing director Brian Kruger said, “This acquisition is a great example of Toll’s focus on strengthening and growing our leadership position in core domestic logistics and transportation markets and will provide strong returns on invested capital.”