Wednesday 21st Oct 2020 - Logistics & Supply Chain

Yusen buys Hitech Asia Pacific

Yusen Logistics (Australia) has acquired Hitech Asia Pacific, a specialist in sensitive freight. Yusen said that this will diversify Yusen Logistics’ portfolio into other areas including specialised services supporting the medical and business equipment sectors.

The business will become a division of Yusen Australia and push Yusen’s total revenue to over $150 million. The freight forwarder will have access to Hitech’s blue chip customers, including: Canon, Siemens, GE, Philips and Device Technologies, as well as new services like the installation and calibration of medical and business machinery.

“We are very excited about the opportunities Hitech will bring Yusen and the additional services we will be able to offer to our customers,” said managing director, Yusen Logistics, Ian Pemberton. “Hitech’s skills in sensitive freight are highly complementary to Yusen’s international capabilities.

“We will be positioned to deliver top quality logistical and transport services with a fully integrated service combining every aspect of the supply chain.”

Hitech CEO Tom Devjak said: “We are delighted to be joining Yusen Logistics. Hitech will benefit from access to Yusen’s extensive global network including prime airport locations and international freight forwarding capabilities, we will now be able to offer customers seamless global transport services.”

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