Freightways sticks to core competencies when eyeing acquisitions

Wed, 04 Sep 2019

By Jenny Ruth Sept. 5 (BusinessDesk) - Freightways’ strategy since in listed in 2003 is to stick closely to what it knows it does well, chair Mark Verbiest says. That’s even though only about half its growth has come from existing operations with the balance from acquisitions. Verbiest says the company has up to 40 potential acquisition targets in its sights, all within its existing Australian and New Zealand markets, and on average Freightways has done about five actual purchases a year since listing. Still, everything it has bough...

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