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Thomsons nets big sale
Freight forwarder PacNet has been acquired by Damco, one of the world’s leading third-party logistics providers._x000D_
Digital
Firm: Thomsons Lawyers (PacNet)
Area: M&A
Value: Undisclosed
Key players: Lead Thomsons partner was Loretta Reynolds with support from associate Charles Slattery
Deal significance: PacNet is a leading freight forwarder in Australia and China. Its acquirer, Damco, is one of the world's leading third-party logistics providers specialising in customised freight forwarding and supply chain solutions. Damco is the logistics arm of the A.P. Moller – Maersk Group, with 10,800 employees worldwide. The acquisition significantly enhances Damco's platform in the North Asia and Asia-Pacific regions and strengthens its forwarding capabilities in Australia, Hong Kong and China.
