GAC Group, a provider of shipping, logistics, and marine services in the Asia-Pacific market, has finalized an agreement to acquire Quadrant Pacific’s agency business in New Zealand, formerly its network partner.
This acquisition represents a significant milestone in GAC’s longstanding presence in the region.
Established in 2008, GAC New Zealand has operated in collaboration with Quadrant Pacific. With this acquisition, GAC New Zealand is poised to enhance its operations by directly overseeing ship agency services at all ports nationwide.
“We are excited to take this next step in our journey in 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,” commented Scott Henderson, managing director for GAC Australia and GAC New Zealand.
“QPL and GAC have enjoyed a strong relationship, with QPL acting as an 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,” stated Alistair Skingley, director of Quadrant Pacific.
The acquisition is scheduled for completion by 1 July 2024, including the integration of Quadrant Pacific’s agency staff into GAC New Zealand’s operations.
This strategic move expands GAC’s network and strengthens its capabilities, enhancing its capacity to deliver comprehensive shipping services that align with the evolving requirements of its customers.
“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,” explained Daniel Nordberg, GAC’s Group Vice President – Asia Pacific & Indian Subcontinent.
Scott Henderson added, “We look forward to welcoming the talented team from Quadrant Pacific and working together to drive success in the market.”