Friday, 23 August 2019 Sydney

Invest In Australia Blog::

  • EnerNOC buys Leading Australian Demand Response Company Energy Response

    EnerNOC, Inc. (ENOC), the world’s leading provider of demand response applications and services, has acquired Energy Response Pty Ltd, the largest demand response provider in Australia and New Zealand.

    The acquisition significantly strengthens EnerNOC’s presence in Western Australia’s Wholesale Electricity Market, where EnerNOC now has the opportunity to deliver 240 megawatts of demand response capacity in the 2012/2013 delivery year, up from its initial position of 100 megawatts.

    The acquisition also marks EnerNOC’s entry into Eastern Australia's National Electricity Market and the New Zealand Electricity Market, where favorable opportunities for demand response and energy efficiency are emerging.

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  • Interactive Intelligence acquires Australia’s CallTime Solutions

    Interactive Intelligence Group Inc, a global provider of unified IP business communications solutions, has acquired Sydney-based CallTime Solutions, an exclusive reseller of the vendor's software suite since 1998.

    Per the terms of the acquisition, effective July 1, 2011, Interactive Intelligence has purchased 100 percent of CallTime's privately held stock in an all-cash transaction. CallTime will operate as part of the Interactive Intelligence sales and services organization in the Australia-New Zealand region.

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  • Securus Fund acquires 70%-stake in iseek Data Centre in Australia

    Securus Data Property Fund Pte. Ltd. (Securus Fund), the world's first Shariah compliant data centre fund, has completed the acquisition of a 70%-stake in iseek Data Centre (iDC) from iseek Communications Pty Ltd.

    Securus Fund is jointly managed by Keppel Data Centre Investment Management Pte. Ltd. (Keppel DCIM), a subsidiary of Keppel Telecommunications & Transportation Ltd (Keppel T&T), and AEP Investment Management Pte. Ltd. (AEPim).

    iDC is conveniently located at Brisbane Export Park, Australia, 8.5 kilometres North-East of Brisbane's CBD. Operational since August 2010, iDC is currently 100% occupied by iseek Communications.

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  • Asahi Group Holdings Ltd to acquire an Australian soft drink company

    Asahi Group Holdings Ltd announced that it has entered into a binding share purchase agreement to acquire 100% of the issued shares of P&N Beverages Australia Pty Ltd (P&N), the third largest soft drink company by volume in Australia, through its Australian subsidiary.

    Pursuant to that share purchase agreement, an asset sale agreement has also been entered into between P&N and Tru Blu Beverages Pty Ltd (TBB) for P&N to sell its carbonated soft drinks (CSD) and cordial businesses to TBB, which will result in Asahi acquiring the water and juice businesses of P&N.

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  • Imdex to acquire Australian Drilling Specialties to enhance drilling fluids manufacturing capability and oil & gas expertise

    Imdex Limited (Imdex) announced a further drilling fluids initiative with the proposed acquisition of Australian Drilling Specialties (ADS). The acquisition will enhance Imdex’s drilling fluids manufacturing capability, enhance control over the supply chain, increase intellectual property ownership, enhance technology ownership and increase oil & gas expertise.

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  • Mitsubishi UFJ Financial Group in talks to buy Australia based infrastructure advisory unit of RBS

    According to the Financial Times, Japan’s Mitsubishi UFJ Financial Group is in advanced talks to buy an Australia-based infrastructure advisory unit of Royal Bank of Scotland and its portfolio of public-private project-finance assets.

    MUFG, Japan's largest lender by assets, agreed to buy RBS project-finance assets in Europe, the Middle East and Africa worth 3.3 billion pounds ($5.3 billion) last year. The Japanese lender is also hiring some project-finance bankers from RBS, said Reuters.
    According to Reuters, a source familiar with the matter said the Australia talks were not at an advanced stage and a deal might not materialize. Representatives for MUFG and RBS Australia declined to comment, indicated the report.

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  • Peabody Energy to Acquire Thiess 5% Interest in Burton Coal Mine

    Peabody Energy has agreed to acquire Thiess’ 5% joint venture interest in the Burton Coal Mine for AU$35 million. In 1996, Thiess made a small strategic investment to assist with the development of the Burton Mine.

    While Thiess is fundamentally a mining contractor, the investment is consistent with the company’s approach to new projects. Given the continuing success of operations at the Burton Coal Mine, Thiess’ strategic investment is no longer required and the time is now right to sell down the investment, said Thiess in a release.

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  • Reserve Bank head warns over surge in anti-foreign investment in Australia’s resources sector

    The Australian Tuesday reported that Reserve Bank of Australia (RBA) board director Warwick McKibbin, cautioned against surge in sentiment against foreign investment in Australia's resources sector.

    According to the Australian, McKibbin warned that the ongoing anti-FDI sentiment is "counter-productive" and the Australian economy will suffer without capital from abroad.

    Professor McKibbin’s warnings come amidst the release of a research by the Greens into foreign ownership of Australia's mining industry, to prosecute their case for higher taxes on the sector, triggering an angry backlash from miners, said the report.

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  • Talisman Acquires Two Gold Exploration Projects in Western Australia

    Talisman Mining Ltd announced that it has further expanded and diversified its exploration portfolio by acquiring an 80% interest in the Muddawerrie and Livingstone Gold Projects, located in Western Australia’s northeastern Goldfields.

    The Muddawerrie Project is located 100km north west of Meekatharra and contains two demonstrably mineralized shear zones extending over a strike length of more than 16km within an Archaean greenstone belt.
    The Livingstone Project is located approximately 25km north west of the Muddawerrie Project and consists of three granted Exploration Licenses containing demonstrated gold endowment within the western extension of the Proterozoic aged Bryah Basin.

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  • Foster's Group Limited rejects unsolicited offer from SABMiller plc

    Foster's Group Limited (Foster's) announced Friday that it received an unsolicited, incomplete, non-binding and conditional proposal from SABMiller plc to acquire all of the shares in Foster's via a scheme of arrangement at a price of $4.90 per share in cash.

    However, the Board of Foster's reiterated that it believes the proposal significantly undervalues the company in the context of a change of control and, as such, does not intend to take any further action in relation to it. SABMiller's offer values the company at about $ 10 billion.

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