Freightways Group (ASX:FRW) has entered into an agreement to acquire the business and assets of VT Freight Express, an Australian express delivery company based in Victoria.
VTFE, founded in 2010, provides B2B parcel and palletised freight services to industries including building, healthcare, retail, and plumbing, with a strong presence in Victoria and growing interstate operations.
The acquisition, valued at $71 million subject to customary adjustments, is expected to be completed on or after Jan. 30, 2026.
VTFE recorded $77 million in revenue for the 12 months ended October, and the transaction is anticipated to be 6% EPS accretive to Freightways in its first year.
VTFE operates an asset-light model using a contractor fleet and leased facilities, similar to Freightways' Allied Express business.