Thomsons Lawyers has acted for Pacific Network Global Logistics (PacNet) in the sale of the company to Damco.
Partner Loretta Reynolds led the firm’s National M&A team, which included Associate Charles Slattery.
PacNet is a leading freight forwarder in Australia and China. Its acquirer, Damco, is one of the world’s leading third party logistics providers specialising in customised freight forwarding and supply chain solutions. Damco is the logistics arm of the A.P. Moller – Maersk Group, with 10,800 employees worldwide.
The acquisition significantly enhances Damco’s platform in the North Asia and Asia Pacific regions and strengthens its forwarding capabilities in Australia, Hong Kong and China.