• Freightways to acquire Australian express delivery company VT Freight Express for A$71m
• VT Freight Express recorded A$77m revenue in 12 months to October 2025
• Transaction expected to be 6% EPS accretive to Freightways from first year

Freightways Group Limited (Freightways) has announced that it has entered into an agreement to purchase the business and assets of VT Freight Express Pty Ltd (VTFE), an Australian company based in Victoria that provides express delivery of parcels and palletised freight. VTFE has a strong presence in Victoria and a growing volume of interstate freight, servicing a wide range of industries including building, healthcare, retail and plumbing. The acquisition will build Freightways' presence and capability in the express market in Australia, complementing its existing Allied Express B2C business. The A$71 million purchase price is subject to customary completion adjustments, and VTFE recorded A$77 million in revenue in the 12 months to October 2025. The transaction is expected to be 6% earnings per share (EPS) accretive to Freightways from the first year. The benefits for Freightways include leveraging its core capabilities in express pick up, processing and delivery, providing an entry point for growth of B2B services in Australia, and complementing the B2C focus of Allied Express. VTFE will maintain its own leadership and focus on its niche, while sharing resources with Freightways where appropriate.

The acquisition of VT Freight Express is expected to be 6% EPS accretive to Freightways from the first year.

The acquisition is expected to build Freightways' presence and capability in the express market in Australia, both organically and through further M&A, leveraging the initial density provided by VTFE.