Globavend Holdings Announces MOU to Acquire Top Logistics, a Key One-stop Logistics Solutions Provider in Australia
Specializing in Direct Injection from Hong Kong & Southern China to Australia and New Zealand
The company’s revenues nearly doubled from FY2021 to 2022 — from USD $13.3M to $24M — before dropping a bit to $18.6M in 2023
GVH’s gross profits went from $984k in 2021 to $1.4M in 2022 to $1.9M in 2023 — nearly doubling in two years
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Hello Everyone,
We have another new profile for Mondays session that we want you to research.
This is a company that we have never profiled before on this newsletter.
Pull up GVH Immediately.
Globavend Holdings Limited is an emerging e-commerce logistics provider, that formulates and implements integrated, end-to-end, cross-border logistics solutions for their customers with the provision of air freight forwarding services and related logistics services as their principal business. Their business model principally involves the provision of (i) integrated cross-border logistics services, which include air freight forwarding services offered as an integral part thereof; and (ii) air freight forwarding services, offered as a modularized logistics service segmented from our integrated cross-border logistics services. Their logistics network covers Hong Kong and four cities in Australia, namely Sydney, Melbourne, Brisbane, and Perth, as well as New Zealand.
Their integrated cross-border logistics services is our dominant business segment, which involve order processing, parcel consolidation, cross-border transportation (primarily by way of air freight), and air freight forwarding, followed by ground transportation and delivery at destination cities, together with other value-added services. While traditional logistics services providers typically provide fragmented logistics services and require customers to coordinate with various service providers, they, as an integrated cross-border logistics services provider, carry out the coordination with different players in the logistics value chain, including warehousing, customs clearance, and air freight or ground transportation services. This has effectively reduced the lead time and hassle and greatly improved the efficiency in fulfilling service orders. As an integral part of our integrated cross-border logistic services, we have also developed our own proprietary all-in-one shipping solution, which was modified by us internally on a shipping software purchased by us in 2019.
Their proprietary all-in-one shipping solution has been or can be connected to the internal sales or booking systems of customers, as well as the carrier management systems of the ground transportation carriers, to facilitate effective logistics management, the details of which are explained. Their services are provided primarily on a contract logistics basis, under which we provide our enterprise customers with customized integrated logistics services covering the entire delivery process.
Their services start by enterprise customers making errinstructions in their own internal sales or booking systems, which integrate into their own proprietary all-in-one shipping solution. Upon receipt of booking instructions, their services start and cover from order origination to the final point of sale or delivery without further efforts or coordination from customers. This service is a customized one so as to fit a customer’s own business model, representing a seamless combination of order processing, parcel consolidation, transportation, and delivery. For customers engaging our services with agreed price quotations, we can provide one-off or on-demand integrated cross-border logistics services. Alternatively, customers can also request for our logistics services on a modularized or one-off basis, i.e., they can request for any segment of our logistics services within the integrated cross-border logistics solution on a stand-alone basis. As part of our integrated cross-border logistics services, they also provide related logistics services, which include the provision of supporting transportation for freight forwarding purpose, storage of consignment, labelling of consignments, other related logistic services for freight forwarding purpose, freight management services via our proprietary all-in-one shipping solution, and delivery at destination.
They engage (i) air freight carriers for the provision of cargo spaces, (ii) supporting ground transportation companies for the ground transportation services in Australia and New Zealand, (iii) customs clearance companies in Australia and New Zealand for the preparation of freight documentation and arrangement for customs clearance, and (iv) local delivery service providers for dispatching and distributing our customers’ goods to their designated destination in Australia and New Zealand. Their integrated cross-border logistics services, together with their proprietary all-in-one shipping solution, enable them to provide efficient and customer-oriented services. This has resulted in their customers continuously engaging us for one-stop air freight forwarding services and comprehensive logistic services, allowing us to gradually build our customer base.
Globavend Holdings Announces MOU to Acquire Top Logistics, a Key One-stop Logistics Solutions Provider in Australia
Strategic acquisition intended to enhance the company’s business presence in Australia
PERTH, AUSTRALIA, May 29, 2024 (GLOBE NEWSWIRE) -- Globavend Holdings Limited (Nasdaq: GVH) (the “Company” or “Globavend”), an emerging e-commerce logistics provider, today announced it has entered into a non-binding Memorandum of Understanding (“MOU”) to make an equity investment in Top Logistics Australia Pty Ltd (“Top Logistics”), a key one stop logistics solutions provider in Australia. Under the MOU, the Company would make an equity investment in Top Logistics on fulfillment and/or waiver of certain conditions precedent to be set out in the definitive agreement, which is subject to a further and ongoing discussions and due diligence.
Top Logistics is a full-service logistics provider headquartered in Sydney with a very strong presence in Australia, having warehouses in Sydney, Melbourne and Brisbane with space over 15,000 square metres. It specializes in sea & air freight, import, customs clearance, cargo-deconsolidation, packing and fulfillment, transport and logistics, as well as warehousing services.
Wai Yiu Yau, CEO of Globavend stated “The proposed transaction aligns with Globavend’s strategy to solidify its business presence and expansion into Australia. According to the 2024 Australian Post eCommerce Industry Report, 8 in 10 Australian households shopped online in 2023 and 9.5 million households in Australia have received a parcel in 2023. Australian has spent AUD63.6 billion (approximately US$42.4 billion) in 2023 in shopping online. Given the market presence of Top Logistics has, we believe the proposed acquisition will further boost our business performance and help our business to thrive in future.”
READ THE FULL REPORT HERE: https://www.insiderfinancial.com/profile/gvh
Sincerely,
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