Japan Post to take over Toll

The Toll board has endorsed a $6.5 billion takeover offer from Japan Post - a deal that could have massive implications for Australia Post's parcels business.Japan Post is seeking to expand further through Southeast Asia. The acquisition of Toll will see the Japanese leverage Toll's expansion into the Asian market over the past eight years.The deal will strengthen Toll's cross-border e-commerce capabilities, meaning greater competition for Australia Post in the parcels business.Toll is reaping the rewards of good vision and planning, bold leadership and a deep understanding of the logistics market.What does this mean for Mail & Parcel Contractors and Australia Post? It means that Toll now has an end-to-end network that comprises newsagencies, Toll's domestic parcels network, Toll's Asian parcels network, and now Japan Post's network.POAAL has repeatedly urged Australia Post to focus its sales efforts on attracting customers away from other carriers instead of cannibalising its existing business. Japan Post's takeover of Toll might be a hot topic at the Australia Post Board meeting on Thursday.Toll will be run as a division of Japan Post.