Mujin has found another backer for its solutions in the form of Japan Post Capital Co., Ltd., plus another strategic partner, as it raised an additional US$18 million in the latest series C extension round. The company will look to advance accessibility to its groundbreaking Mujin Controller platform designed for integrators and end users, as well as other innovative automation applications. As a part of their partnership, Mujin will provide expertise in robotic automation to Japan Post … [Read more...] about Mujin raises US$18m on Japan Post backing
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Toll Group opens office in the Philippines
Australian logistics player Toll Group is expanding its footprint across Asia with a newly opened local office in the Philippines, as it forecasts 'high' double-digit growth in the next five years. The team in the Philippines will focus on providing logistics services to key verticals in the industrial, retail, technology, and automotive sectors, allowing local businesses to tap opportunities beyond the archipelago, including regional manufacturing value chains. Benjamin Bathan, who was … [Read more...] about Toll Group opens office in the Philippines
Toll Group to sell express unit for US$386 million
Melbourne-based logistics provider Toll Group announced it has agreed to sell its express business to Australian private equity firm Allegro Funds for A$500 million (US$386 million), according to a press release. The Japan Post subsidiary said the move is consistent with its strategy to focus on its logistics strengths in Asia Pacific, particularly in contract logistics and freight forwarding. Also read: ESR Australia to buy logistics assets portfolio for US$3b “We have spent the last … [Read more...] about Toll Group to sell express unit for US$386 million
ESR Australia to buy logistics assets portfolio for US$3b
Hong Kong-listed logistics real estate group ESR has agreed to purchase the largest Australia logistics portfolio of US-based fund manager Blackstone to the tune of A$3.8 billion (US$3 billion). The acquisition of Blackstone’s Milestone Logistics portfolio will be carried out by ESR Milestone Partnership, a newly formed venture between ESR and Singapore sovereign wealth fund GIC, where ESR will contribute 20 percent. The company said the deal, valued at US$3 billion, … [Read more...] about ESR Australia to buy logistics assets portfolio for US$3b
Toll unveils blueprint for S$228m logistics hub in Singapore
The Toll Group, now a division of Japan Post, has unveiled its blueprint for Toll City – a 100,000 square metre Toll City logistics hub in Singapore. The S$228 million (US$166 million) five-level, ramp-up facility will house state-of-the-art automation systems to improve productivity and operating efficiency for Toll and its customers in Singapore and in the region. The investment by Toll is its first since Japan Post acquired the Australian based logistics and express company in … [Read more...] about Toll unveils blueprint for S$228m logistics hub in Singapore
Toll celebrates first day under Japan Post
Toll Group has today celebrated its first official day as part of Japan Post. Japan Post president & CEO Toru Takahashi joined Toll Group managing director Brian Kruger at one of Toll’s Melbourne distribution centres to mark the historic day. Takahashi – whose three-day visit to Australia included visiting sites and meeting employees in Sydney and Melbourne – said he was looking forward to working with Toll to establish Japan Post as a top global logistics player. … [Read more...] about Toll celebrates first day under Japan Post
