NZ Post has acquired transport and logistics firm Fliway Group NZ in a bid to expand its parcels business and strengthen its logistics and supply chain capability.
Fliway is one of the largest fully integrated logistics providers in New Zealand and specialises in the delivery of items that are typically too big to be carried by courier networks but are still transported as individual items rather than in bulk.
NZ Post says the acquisition has been “customer driven” and is part of a response to strong demand from customers for the delivery of larger items. A spokesperson for the state-owned enterprise says it’s not disclosing the purchase price at this time.
“Many of our customers, including retail and e-commerce customers, frequently ask us to provide a solution to deliver their large items that typically don’t fit into our network,” NZ Post investments and ventures executive general manager Norbert Bojarski says.
“It’s a hassle for them to deal with multiple logistics providers and since we often already deliver most of their parcels, this is a natural extension of our offer to our customers,” he says.
Fliway provides transport, warehousing and international freight services and operates New Zealand’s premier national dedicated supply chain for large and oversize items. It is headquartered in Auckland and employs over 400 people.
“Given the strong and ongoing growth in e-commerce which has been accelerated by the pandemic, NZ Post is committed to continuing to support New Zealand businesses and to invest in being the best delivery partner for New Zealand, by extending our logistics capacity and capability,” Bojarski says.
NZ Post also recently acquired a 50% stake in Supply Chain Solutions and is also investing about $180 million in parcel processing infrastructure across the country that will provide additional capacity and automation to support New Zealand’s e-commerce growth.
NZ Post initially plans to operate Fliway as a standalone business under the leadership of the existing Fliway management team.
