Following a successful regulatory approval process, Jersey Post Group has today confirmed that it has purchased the premium European logistics company – Fraser Freight.
With huge global industry change, postal authorities worldwide are looking at opportunities to grow new revenue streams in order to support the decline in existing markets. Jersey is no exception to this and the acquisition of Fraser Freight represents an exciting opportunity for Jersey Post Group to expand its current business operation both within, as well as outside of the Channel Islands.
Andrew Elson, MD at Fraser Freight stated, “We are delighted with the progression of the company sale. There are strong synergies between our mutual desires for business growth, and I am excited by what this deal means to both Fraser Freight and Jersey Post Group. We are very much looking forward to working together on expanding and developing our organisations.”
Tim Brown, Chief Executive at Jersey Post Group commented, “2016 is one of the most financially challenging years yet for Jersey Post Group, and we must find secure, profitable opportunities that can help us to build on our existing core skills and business strengths in order to address this situation. The purchase of Fraser Freight will help to extend our market reach, not only engaging with new clientele about our existing services but also offering new services to our existing customer base.”
The benefits of the company purchase are not purely financial. Through the acquisition, Jersey Post Group will have access to Fraser Freight’s high level of industry knowledge and expertise, most notably, that of restricted good classification which is becoming increasingly important in the current climate of heightened security measures worldwide.