Monday 22 July 2024

GAC to buy Quadrant Pacific’s NZ ship agency business

LONDON, June 15, 2024

GAC Group, a leading provider of shipping and marine services in the Asia-Pacific market, has entered into an agreement with a market leading logistics services company Quadrant Pacific to acquire its agency business, formerly its network partner in New Zealand. 
This acquisition marks a significant milestone in the company’s longstanding presence in the region.
Since its establishment in 2008, GAC New Zealand has operated in partnership with Quadrant Pacific. With this acquisition, GAC New Zealand is set to elevate its operations by directly managing ship agency services at all ports across the country.
"We are excited to take this next step in our journey in New Zealand," remarked Scott Henderson, the Managing Director for GAC Australia and GAC New Zealand. 
"Quadrant Pacific has been an invaluable partner over the years, and we appreciate the opportunity to integrate their expertise into our operations. This acquisition aligns with our commitment to delivering top-notch service to our customers across all sectors of the market," he stated.
On the partnership, Quadrant Pacific Director Alistair Skingley said the duo have enjoyed a strong relationship, with QPL acting as agent in New Zealand for GAC for over 16 years. 
"This agreement will allow us to focus on our core business areas of domestic and international shipping, cargo management and logistics, while providing continuity to our customers with the support of one of the largest global agency networks," he stated.
Daniel Nordberg, GAC’s Group Vice President – Asia Pacific & Indian Subcontinent, said: "The acquisition of Quadrant Pacific agency assets in New Zealand underscores GAC’s strategic focus on enhancing our capabilities and presence in markets where customers need us."
"This move solidifies our position as a leading provider of comprehensive shipping solutions in the country and the wider Australasia," he added.
According to GAC, the acquisition will be finalised by July 1, with integration of agency staff members from Quadrant Pacific into GAC New Zealand’s operations.
"We look forward to welcoming the talented team from Quadrant Pacific and working together to drive success in the market," he noted.
"With a wider network and enhanced capabilities, this strategic development bolsters GAC’s ability to provide comprehensive shipping services that meets the evolving needs of its customers," he added.


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