The acquisition will be finalised by 1 July 2024
GAC Group has entered into an agreement with Quadrant Pacific to acquire its agency business, formerly its network partner in New Zealand. This acquisition marks a significant milestone in the company’s longstanding presence in the region.
Since its establishment in 2008, GAC New Zealand has operated in partnership with Quadrant Pacific. With this acquisition, GAC New Zealand is set to elevate its operations by directly managing ship agency services at all ports across the country.
“Quadrant Pacific has been an invaluable partner over the years, and we appreciate the opportunity to integrate their expertise into our operations,” affirmed said Scott Henderson, Managing Director, GAC Australia, and GAC New Zealand.
Strong relationship
“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,” remarked Alistair Skingley, Director, Quadrant Pacific.
“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,” noted Daniel Nordberg, GAC’s Group Vice President, Asia Pacific & Indian Subcontinent.
The acquisition will be finalised by 1 July 2024, with the integration of agency staff members from Quadrant Pacific into GAC New Zealand’s operations, a press communique concluded.
