Singapore Post to acquire Border Express for $133m.

Singapore Post, a postal service provider, agreed to acquire Border Express, a transport and distribution services company, for $133m. “FMH Group has built a sustainable integrated logistics business in Australia. This acquisition is immediately accretive to earnings, solidifies FMH as a leading logistics provider, and continues the growth and development of our Australian operations. We look forward to welcoming Border Express to the FMH Group and SingPost Group family," Vincent Phang, SingPost Group Chief Executive Officer.