Yang Kee Logistics completes acquisition of Australian firm Axima

[SINGAPORE] Yang Kee Logistics has completed the acquisition of Australian freight management firm Axima, as it looks to drive future growth of its freight business in developed markets like Australia, China and the United States.

The acquisition was completed with partnership and support from International Enterprise (IE) Singapore, and is expected to significantly improve its overall profitability and boost Yang Kee's revenue by another S$150 million outside of Singapore. The combined group will have a headcount of over 650 employees across 11 countries in which it operates.

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