The Dubai headquartered GAC Group, a provider of shipping, logistics and marine services in the Asia-Pacific market, has sealed a deal with Quadrant Pacific to acquire its agency business, formerly its network partner in New Zealand.
Since its establishment in 2008, GAC New Zealand has operated in partnership with Quadrant Pacific, and with this acquisition GAC New Zealand is set to elevate its operations by directly managing ship agency services at all ports across the country.
The acquisition will be finalised by July 1, with integration of agency staff members from Quadrant Pacific into GAC New Zealand’s operations.
Scott Henderson, managing director for GAC Australia and GAC New Zealand, said: “We are excited to take this next step in our journey in New Zealand,” adding that “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.”
“QPL and GAC 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,” pointed out Alistair Skingley, director of Quadrant Pacific.
Daniel Nordberg, GAC’s group vice president – Asia Pacific & Indian Subcontinent, noted that “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,” adding that, “this move solidifies our position as a leading provider of comprehensive shipping solutions in the country and the wider Australasia.”
