Business / Transport

Mondiale VGL eyes initial public offering to expand global reach

16:40 pm on 8 June 2023

Mondiale VGL wants to establish a significant global supply chain operation with its roots in the Asia-Pacific region. Photo:

Company chief executive Ray Meade said an IPO was one of several options on the table to support the company's expansion plans, but no formal decisions had yet been made.

He said the company had appointed Jarden and UBS as global coordinators, and Craigs Investment Partners as New Zealand lead manager.

"Our goal is to build a significant global supply chain operation with its roots in the Asia-Pacific region," he said.

"We are firmly on the path to achieving that, with a strong strategic position across New Zealand, Australia, Asia, Europe, and America."

The company was established in 2021 via the merger of Mondiale Freight Services Limited and VISA Global Logistics Pty Ltd - two of the largest privately-owned freight forwarders in Australasia.

"The merger established solid strategic and financial foundations, with current and expected market dynamics creating further opportunity to scale," Meade said.

"As we continue this trajectory, our focus is on leveraging the increased capabilities gained through the merger for the benefit of our customers and our people."

Meade said the company employed 1500 staff across 39 offices in New Zealand, Australia, Asia, Europe, and North America, providing sea and air freight, import and export, wharf transport, customs, and warehousing services.