Aussie start-up Ofload acquires freight specialist CIA Logistics

Geoffroy Henry, Founder and Chief Executive Officer at Ofload

Ofload announced the acquisition of Melbourne freight specialist CIA Logistics, marking the start of an ambitious growth strategy aimed at expanding its offering and national footprint.

Ofload’s first acquisition has increased the start-up’s headcount to over 120 employees across Sydney, Melbourne and Brisbane, with CIA Logistics’ Founder and Director Tony Couttie stepping into a General Manager position at Ofload. A phased, post-merger integration and growth strategy is underway, during which the CIA Logistics brand will be retained as its operations, sales and finance teams continue to report to Couttie.

What were the executives’ thoughts on the acquisition?

Commenting on the acquisition, Geoffroy Henry, Founder and CEO of Ofload, said, “We are thrilled to welcome CIA Logistics into the Ofload family as our first acquisition. Tony has built an incredible business, and the natural synergy between our teams was clear as they worked together to digitise analogue road shipments for some of Australia’s leading brands.”

“This is just the start of our next phase of growth, which is focused on expanding our footprint and building our digital ecosystem and network of shippers and carriers. Uniting both businesses will accelerate Ofload’s objectives to increase shipment visibility, minimalise manual and analogue processes, and remove inefficiencies across Australia’s freight industry.”

Tony Couttie, General Manager of CIA Logistics at Ofload, said, “We are delighted to become part of a leading innovator and mission-driven company, in what we believe will be a game changer for the logistics industry. Ofload’s tech will bring a wealth of new opportunities to our customers and carrier partners and will support us in growing our reach across the Australian freight landscape. We see the integration of CIA Logistics into Ofload as a perfect fit.”

What does CIA Logistics bring to Ofload?

Founded in 1987, CIA Logistics delivers customised or standardised local and national freight solutions via air, road, rail and sea. It has since grown to become a leading independent provider of freight services to some of Australia’s foremost companies and brands.

CIA Logistics brings to Ofload its speciality in freight management, freight brokerage, and logistics solutions across Australia. Its Dispatch Management System technology and expertise will be merged into Ofload’s domestic end-to-end digital road freight solution.

The consolidation will support Ofload’s plans to reduce the number of empty trucks on Australian roads and eliminate all waste in road freight, while continuing to meet the rapidly evolving needs of shippers and carriers alike. Ofload is quickly becoming the fastest-growing start-up in the Australian logistics industry, having continued its strong trajectory to post 500% revenue growth (YoY) less than a year on from its Series A raise in December 2021.

It is working to transform the Aussie road freight industry by tackling wastage and capture an addressable market estimated to be worth more than AU$65BN. For more, visit ofload.com.