Toll Group has acquired Transolve Global, a specialist in international freight forwarding of wine, bulk liquids and perishables it has announced.
This strategic acquisition enhances Toll Global Forwarding’s capabilities, allowing it to offer innovative solutions to an expanded customer base.
Transolve will operate as a separate brand within the Toll Global Forwarding division.
This acquisition positions Toll Group to provide enhanced services, offering new solutions to existing customers and serving as an alternative service provider for sectors requiring these specialised services.
The acquisition will allow Transolve’s customers to leverage Toll’s extensive international network, gaining access to a broader range of logistics services.
Transolve CEO, Rachael Budd, will lead the new business unit and join the Toll Global Forwarding leadership team as Senior Vice President Transolve, bringing invaluable expertise and leadership.
“We are very excited about Transolve becoming part of Toll,” said Suhail Qureshi, Interim President of Toll Global Forwarding.
“The Transolve team has built impressive capabilities that will significantly enhance our customer solutions for customers and drive our growth in our strategic verticals.”
This acquisition marks a significant step in Toll Group’s commitment to supporting its customers’ regional and global growth ambitions.
Rachael Budd CEO of Transolve said she was thrilled by the prospect of the agreement.
“This acquisition amplifies our capabilities and expands our reach, enabling us to deliver more value to our customers in the wine, bulk liquids, and food & beverage sectors,” she said.
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