Australia's largest logistics group, Toll Holdings, is buying the Japanese express freight company, Footwork Express, for $A95 million.
Toll said it was buying the remaining 64% it does not already own of Footwork, a top-10 logistics company in Japan.
Footwork Express employs more than 5000 people and has a revenue of about $A775 million per year.
Toll says it will fund the acquisition through existing cash reserves, and it should be profitable within a year.
