Companies news
Bolloré Logistics completes acquisition of Lynair Logistics, expands footprint in Australia
Bolloré Logistics announced that it has completed its acquisition of Lynair Logistics (“Lynair”).
With the acquisition, effective 1st August 2022, Bolloré Logistics will fully own Lynair Logistics which is based in Adelaide. Lynair will retain its brand name temporarily and continue its business operations as usual following the acquisition.
Established in South Australia since 2002, Lynair Logistics is a logistics company specializing in air freight, ocean freight, customs clearance, and logistics throughout the world.
“The acquisition of Lynair Logistics further strengthens our presence in Australia, and we are pleased to welcome our new, experienced and highly capable team members into the Bolloré Logistics Australia family.” said Thibault Janssens, CEO of Bolloré Logistics, Pacific Region.
“Lynair will carry on its business as usual and will have the strong support of Bolloré Logistics Australia as well as its global network.”
adds David Guarnera, State Manager of Victoria and South Australia, Bolloré Logistics Australia.
“We have achieved very well to be where we are today as a reputable international freight and logistics company. This, of course, comes with a great team of staff working together, along with the support and trust of our customers that we have established over the years. Being powered by Bolloré Logistics will offer more features and resources for our team to ensure that customers continue receiving high levels of service." said Augustin Paul, Managing Director of Lynair Logistics.
SCD Advisory, an independent Australian corporate advisory and M&A boutique, advised Bolloré Logistics Australia on their acquisition of Lynair Logistics.
“We were honoured to support Bollore on the acquisition of Lynair in Adelaide, another example of a cross-border deal for SCD. We wish great success to both parties in their shared journey ahead.” commented Pierre Briand, Founder of SCD Advisory.
Sources: Bolloré Logistics, SCD Advisory
