August 21 - Singapore Post has, through its subsidiary Famous Holdings, purchased the entire issued and paid-up share capital of UK-based freight forwarder and NVOCC, F S Mackenzie.
The NVOCC focuses primarily on sea, air and road freight forwarding, together with Customs clearance for inbound and outbound shipments from the UK.
Headquartered in Basildon, F S Mackenzie has four other operational centres across the UK.
Singapore Post said that the acquisition will help it to establish an entry point into the Western European freight market, and strengthen its ability to provide customers with integrated e-commerce logistics solutions.
Alfred Stienen, who will remain group chairman of F S Mackenzie, said that the sale would allow the UK company to broaden its freight network throughout the support of a financially strong parent company.