Freightways Group buys VT Freight Express for $71m
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The news: New Zealand logistics group Freightways has agreed to buy the business and assets of Victoria-based delivery company VT Freight Express (VTFE) for $71 million.
The numbers: ASX- and NZX-listed Freightways said the acquisition is expected to be 6% earnings-per-share accretive from the first year. VTFE recorded $77 million revenue in the year to October 2025.
The context: The deal is expected to occur on or after 30 January 2026, subject to customary conditions. It will be funded through existing and new bank debt facilities.
Freightways, which owns Auckland-based New Zealand Couriers, said the move provides an entry point for growth in B2B services in Australia and complements its Allied Express business, which focuses on B2C deliveries.
"We expect to be able to build market share both organically and through further M&A off the initial density that VTFE provides," Freightways noted.
Founded in 2010, VTFE provides B2B services for a range of industries, including the building, healthcare, retail and plumbing sectors. VTFE will retain its own leadership, in line with Freightways' existing multi-brand strategy. The company comprises 87 contractors, 49 staff and over 350 clients.
The source: ASX
