Saturday, 25 November 2017 Sydney

Invest In Australia Blog::

  • Medical diagnostics company SONIC Healthcare embarks on an acquisition trail

    In what comes as a sign of an aggressive growth strategy, Australia’s largest provider of pathology services has embarked on acquisition trail. SONIC Healthcare invested $54m for KBL-BML-Unilabo and Woestyn Laboratory in Belgium and made its first foray into the Californian market, paying $30m for Physicians Automated Laboratory.

    According to the firm’s managing director, Colin Goldschmidt, the acquisitions are part of the company's growth strategy in Europe and the US. Colin reiterated that Sonic will be undertaking additional investments. Europe and the US market are fragmented markets and provide attractive acquisition opportunities for Sonic, he said.

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  • Sheffield Resources acquires the McCalls Heavy Mineral Sands (HMS) project in North Perth Basin Mineral sands province

    Sheffield Resources announced it has acquired the McCalls Heavy Mineral Sands (HMS) project, located in the world class North Perth Basin mineral sands province. Sheffield Resources is a Bulk minerals explorer. This transaction further expands the Sheffield HMS portfolio, following the recent acquisition of four advanced HMS tenements from Iluka Resources Ltd, said the firm.

    Sheffield is now the unencumbered holder of exploration license application ELA70/3929 over the McCalls project, which together with Sheffield’s adjacent tenements E70/3967 and ELA70/3931, forms a contiguous tenement area of 471km2.

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  • South Africa’s leading pharmaceutical company to acquire Australia’s Sigma Pharmaceuticals Ltd

    Aspen (APN), South Africa’s leading pharmaceutical company, announced it is to acquire Australia’s Sigma Pharmaceuticals Limited.  Aspen said that all conditions precedent have been met for it to acquire the pharmaceutical business of Australian-based Sigma Pharmaceuticals Limited.

    According to its announcement, the acquisition was approved following the extraordinary meeting of Sigma shareholders held on 14 January 2011. The effective date of change of ownership is 31 January 2011 and will position Aspen as the leading pharmaceutical company in Australia by volume of scripts generated.

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  • Canadian Pension Plan Investment Board invests $6.7 billion in Australia

    According to a report carried by The Australian, CANADA'S biggest pension fund has made investments worth about $6.7 billion in Australia in the past 18 months. The $137 billion Canadian Pension Plan Investment Board is also committed to investing another $900 million with Goodman Group, including $595 million for its share in the proposed takeover of the ING Industrial Fund (IIF) in a Goodman-led consortium.

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  • Invenio acquires specialist engineering and visualization services provider DPM Interactive (DPM)

    Invenio announced it has acquired DPM Interactive (DPM), a specialist engineering and visualization services provider. The acquisition of DPM Interactive will strengthen and expand Invenios capabilities, especially including a more comprehensive turn-key engineering and visualization service offering.

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  • US based CoreLogic to acquire Australia’s RP Data Limited

    CoreLogic, a leading provider of information, analytics and business services, announced Wednesday an agreement with the independent board of directors of RP Data Limited to recommend to RP Data shareholders the acquisition by CoreLogic of all of the outstanding shares of the company for a price of A$1.65 per share plus assumption of existing debt.

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  • ASX listed Slater & Gordon Ltd completes takeover of Keddies Lawyers for $35 million

    Slater & Gordon announced it has completed its $35 million acquisition of Keddies Lawyers. Slater & Gordon is a listed Australian law firm and expects the acquisition of Keddies, a personal injuries litigant, to bolster its position in the country. The investment was first pronounced last year, in October, subject to due diligence. Tuesday’s announcement confirms the takeover has been sealed, said the firm.

    Keddies is an exclusive personal injuries litigant, with offices in Redfern, Ashfield and Liverpool in Sydney, as well as in Wollongong and Brisbane. The acquisition was to be completed through $3.7 million in shares, the take-up of Keddies' $11 million in debt, plus cash.

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  • Norwegian chemicals group Yara International purchases the remaining 60% of shares in Yara Nipro Pty Ltd from the founders

    Norwegian chemicals group Yara International said today it had exercised a call option to buy the remaining 60 per cent of bulk liquid fertilizer specialist Yara Nipro from its founders. Yara Nipro will further reinforce the buyer's market presence in the horticultural segment in Australia, it said in a statement. The acquired business will be integrated into Yara Australia, it added.

    The Norwegian group first bought into Yara Nipro in January 2008. The purchased company posted a turnover of AUD46 million (USD45.7m/EUR35.4 million) and Earnings, Before Interest, Tax Depreciation and Amortization of AUD5.6 million for the financial year ended June 2010.

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  • Diversified Mining Services Limited (DMS) acquires two highly successful Australian businesses

    Leading mining services firm Diversified Mining Services Limited (DMS) announced the acquisition of two local Australian businesses, as it seeks to bolster its offering in Hunter Valley. DMS said it has stepped up its presence in the Hunter Valley with the acquisition of two highly-successful local businesses which will further expand the company’s offering to the region’s vast mining industry.

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  • Games studio Firemint invests in Infinitive Interactive for a 100% takeover

    Games studio Firemint Thursday announced it has acquired fellow Australian studio, Infinite Interactive in a move aimed at bolstering Firemint’s strength in designing and developing original games, while providing the Infinite Interactive team with a channel for independent publishing.

    Founded about a decade ago, Firemint became a highly regarded work-for-hire mobile games studio before shooting to fame with iPhone hits “Flight Control” and “Real Racing” in 2009. Firemint has recently expanded to additional platforms including Nintendo DSiWare, Sony PlayStation Network, and Steam (PC and Mac). The studio now works exclusively on self-published original games.

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