31st May ASX Media release: Toll Holdings Ltd has agreed to buy 40 per cent of Tianjin Anda Logistics, one of the largest logistics service providers in China’s rapidly expanding automotive market.Toll Group managing director Paul Little said the Chinese automotive market was the largest in the world and offered immense opportunities for Toll to take advantage of its automotive capabilities. “Our joint venture with Tianjin Anda allows us to partner with a leading local company to provide those services in a proven and cost effective manner,” Mr Little said in a statement on Tuesday via the ASX press release.

Tianjin Anda provides finished vehicle transport, storage and processing services for leading brands such as Toyota, BMW, Peugeot-Citroen.It is based in the city of Tianjin, a major manufacturing centre and China’s largest import terminal, which is close to the capital of Beijing and well connected to the main national highways. Toll Holdings reported will initially acquire 40 per cent of the privately owned business with the option of moving to a majority stake over the next two years and to increase that further over five years. Mr Paul Little said Toll expected the acquisition to add to earnings per share in its first year via the ASX stock exchange release.The latest TOLL acquisition remains subject to Chinese regulatory approvals which are anticipated to take three to six months.

TOLLs Mr Little reported the market grew 32% in 2010 motor sales vehicles and provided the ratio of China Vs USA vehicles. Tianjin Anda 2010 revenues in 2010 AUD 58 mil.  Source: ASX Public Media Release.

Over the years TOLL has expanded has several divisions including rail , road, IPEC, couriers, freight and transport.