Friday, 23 August 2019 Sydney
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Invest In Australia Blog::

  • Nuplex joint venture acquires Fibrelogic Pipe Systems

    Nuplex Industries today announced that it has formed a joint venture company with RPC Technologies to acquire Fibrelogic Pipe Systems (Fibrelogic) for A$26 million, subject to final completion.

    This represents a 3.5x average historical enterprise value to EBITDA multiple and Nuplex expects its share will make a small positive contribution to its 2012 financial year earnings per share.
    Emery Severin, CEO of Nuplex noted that when the company’s composites business was assessed as part of its recent group wide strategy review, opportunities for growth were examined.

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  • APA acquires wind farm and announces $300 million capital raising

    Australia’s largest gas infrastructure business APA Group (APA) Friday announced it would acquire the 80 MW Emu Downs Wind Farm in Western Australia and development rights for an adjacent 130 MW development site (collectively "Emu Downs") for $171 million. The acquisition is underpinned by a 20 year revenue agreement.
     
    APA plans to raise $300 million through an institutional placement to fund this acquisition and to partially fund the organic expansion of its energy infrastructure portfolio across Australia over the period to June 2012.
     

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  • Netregistry Group acquires Distribute.IT

    The Netregistry Group Thursday announced that it has acquired Distribute. IT plus ‘Click n Go’ customers and assets. Netregistry will be assisting with resources and solutions to all Distribute.IT customers in distress following the extremely unfortunate recent hacking attack.

    Netregistry reiterated that as a strong market leader within the industry, it is in a position to offer a stable cloud infrastructure solution to the thousands of customers whose business and livelihoods have been affected.

    Commenting on the acquisition, Larry Bloch, CEO of the Netregistry Group noted that the company’s concern for the consequences to Distribute.IT staff, management and customers of the firm’s unfortunate incident.

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  • Stockland Continues to execute its 3-R Growth Strategy with additional property acquisitions

    Stockland is acquiring two major residential projects in Western Australia and a new shopping centre in one of Victoria’s fastest-growing corridors, in two separate transactions involving asset swaps for office assets.

    In a transaction with Brookfield, Stockland will acquire two residential projects in the north east corridor of Perth for $271 million, and sell its 50 per cent holding in Perth’s BankWest Tower for $130 million, giving Brookfield sole ownership of the building.

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  • Franklin Templeton Investments to acquire Balanced Equity Management

    Franklin Resources, Inc. (NYSE: BEN), a global investment management organization operating as Franklin Templeton Investments, Tuesday announced that Franklin Templeton Investments Australia Limited has agreed, subject to normal closing conditions, to acquire Balanced Equity Management Pty. Limited, in a cash and stock transaction. The purchase price has not been disclosed. The acquisition is expected to be completed in early July.

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  • Australian business community to welcome Commonwealth Business Forum Perth Oct 25-27

    Prominent Australian and international businesses will gather to support the Commonwealth Business Forum 2011(CBF) to be held in Perth on 25 -27 October alongside the Commonwealth Heads of Government Meeting (CHOGM).

     

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  • Kentor Gold advances plans for production at Burnakurra mine

    Kentor Gold has advanced plans for early gold production at the 516,000 gold ounce Burnakurra mine by spending A$1.3 million for the acquisition of plant and equipment. The purchase was made from the company's cash reserves.

    The acquisition is another step for Kentor towards gold production in the June quarter of 2012, with a Feasibility study forecast to be delivered in the September quarter of 2011.

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  • Mobilarm Limited expands overseas with completion of acquisition of Marine Rescue Technologies

    Australia’s Global marine safety equipment provider, Mobilarm Limited announced it has completed the acquisition of UK based Marine Rescue Technologies (MRT) to create the world’s largest Man Overboard (MOB) safety company.

    Total consideration for MRT was GPB£1.3 million in cash, and the issue of new ordinary shares based the calculation outlined below and subject to shareholder approval.

    Mobilarm Chief Executive Officer, Lindsay Lyon, reiterated his delight at having completed the acquisition of MRT, reiterating that the addition of the MRT executive team will allow the Perth based firm to continue growing its presence in the global oil & gas, defence and commercial marine sectors.

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  • Lyris Inc acquires majority stake in Australia’s Cogent Online Pty Ltd

    Lyris, Inc, the online marketing expert, Friday announced it has acquired a majority stake in Cogent Online Pty Ltd, one of the largest and most experienced marketing services providers in Australia. The acquisition marks an important step in Lyris’ global expansion, following the successful establishment of regional headquarters in both Europe and Latin America.

    Lyris first invested in Cogent in 2010. The incremental investment establishes Lyris as the majority owner of Cogent, which is now known as Lyris APAC. Adrian Saunders, founder of Cogent, has been named general manager and senior vice president of Lyris APAC. Saunders will lead all sales, operations and management for the region.

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  • Generic Health Pty Ltd acquires Worldwide Rights for the Goanna® Brand

    Pharma Major, Lupin Limited, announced Wednesday that its Australian subsidiary, Generic Health Pty Ltd has acquired the worldwide rights to the GOANNA® brand and the complete range of premium therapeutic oils, rubs and ointments marketed under the brand.

    Founded in 1910, the GOANNA® brand has been trusted by generations of Australians to provide effective relief of muscular aches and pains and other conditions such as arthritis.
     

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