Singapore Post, through its subsidiary, Famous Holdings, has purchased the entire issued and paid-up share capital for FS Mackenzie, the UK freight forwarder and non vessel operating common carrier.
The company is based in East London. The acquisition by Singapore Post is seen as an opportunity for them to gain an entry point into the western European freight market.
Alfred Stienen, chairman of Mackenzie, will remain in his role and said: “We have worked in partnership with Famous Holdings, which was acquired by Singapore Post in 2013, for over 20 years and this represents a great opportunity to build on that relationship. Singapore Post is keen to develop its profile in the international logistics arena and sees FS Mackenzie as a solid platform on which to build that development in Europe.”