Tuesday, 21 May 2019 Sydney

Invest In Australia Blog::

  • Victory West Moly announces placement of new fully paid ordinary shares to raise A$2.5 million

    Victory West Moly Limited Monday announced the placement of 20,833,333 new fully paid ordinary shares at a price of A$0.12 per share to raise A$2.5 million. The firm said it had placed the shares for the amount with Convergence Capital Corporation and or its sophisticated institutional investors. Victory West Moly Limited expects the funds will reinforce its cash position as it seeks to conclude due diligence on the previously announced DSO Nickel acquisition.

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  • Japanese home builder Sekisui House in an effort to reinforce its Australian subsidiary

    In an effort to reinforce its Australian offering and bolster its position in the market, Sekisui House, Japan’s largest home builder said it would incorporate its new building techniques and put more emphasis on customer satisfaction. The firm said its plans to change the Australian market for good, using gains such as its partnership with Lend Lease and the AV Jennings brand name.

    The move is expected to build the firm’s Australian subsidiary into a formidable local player. Toru Abe Sekisui House Australia president said the firm is keen on bringing new ways of house building into the Australian market, hoping to bolster its position in the long run.

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  • Fenner Dunlop Conveyor Services enters JV with Belle Banne (Victoria) Pty Ltd

    Fenner announced Friday that its wholly owned subsidiary, Fenner Dunlop Conveyor Services Pty Ltd exchanged contracts to enter into a Joint Venture with Belle Banne (Victoria) Pty Ltd, Leading Edge Conveyor Solutions Pty Ltd and associated interests (together "BBV") that will lead to the acquisition of 100% of the business and assets of BBV.

    Belle Banne (Victoria) Pty Ltd is based in the State of Victoria, Australia and Leading Edge Conveyor Solutions Pty Ltd ("LECS") is based in the State of Queensland, Australia.  Both companies are providers of conveyor maintenance services and products to the mining industry and materials handling industries.

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  • Valeant Pharmaceuticals International Inc. subsidiary to take over a number of skin care brands in Australia

    Valeant International Inc. subsidiary Biovail Laboratories International is to take over a number of skin care brands in Australia, the firm reported in a press release. The firm will be acquiring the privately owned Australian brands that are market leaders in the country.

    The investment will cost Valeant Inc. a sum of AU$ 10 million and will see the firm put brands such as Hamilton Suncare and Hamilton Skin Therapy in its kitty. Valeant International Inc. Chief Executive Officer J Michael Pearson said the leading skin care brands perfectly complement Valeant's existing sun care product portfolio and expands its presence in the pharmacy over-the-counter (OTC) market.

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  • Seawind announces purchase of Corsair

    Seawind announced it had bought Corsair and intends to reinforce the acquired target’s global brand. Speaking during its 12th annual Pittwater Regatta, Seawind managing director Richard Ward said the coming together of the two firms marks a perfect fit for business. Richard noted the two firms’ have products and manufacturing processes that robustly complement each other. Thus, according to Richard, the investment signals new growth opportunities in both the manufacturing and sales areas of Seawind and Corsair.

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  • Britain's BG Group to spend $15 billion on Australian liquefied natural gas (LNG) project

    Praised as a bolster to Australia’s national economy, the UK’s BG Group is to spend some US$15 billion on a liquefied natural gas (LNG) project in Australia. The British firm announced Tuesday that it will spend the amount in expanding its coal seam gas production in the Australian state of Queensland. The Australian government has hailed the investment plan, terming it a boost to the country’s economy due to its magnitude.

    BG Group will use the sum to expand its existing coal seam gas production assets in the country and move towards the establishment of a 540 Kilometer underground pipeline linking gas fields to a pioneering liquefied natural gas project.

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  • Brady Corp. acquires Australia’s ID Warehouse

    Brady Corp. Monday reported it had bought ID Warehouse, the Australian access control cards and security identification items. The buying price for the transaction was not closed. ID Warehouse has annual sales of about $8 million, primarily in Australia. The acquisition is Brady's sixth in Australia since 1999.

    The Milwaukee-based company employs about 200 people on the continent. Based in Milwaukee, Brady Corp provides identification solutions, and its acquisition of the Australian firm bolsters its offering in the country, given its established business presence in New South Wales, Australia.

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  • Australian software firm Atlassian in first buy out since July, acquires Bitbucket.org

    Australian software firm Atlassian over the weekend announced reported it had made an investment for the takeover of Bitbucket.org. The move comes as Altassian’s first buy in five Months, since it last made its $60 million investment in venture capital. The software developer has bought Bitbucket.org, a free code hosting site with some estimated 60,000 users.

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  • Sims Group Australia Holdings to sign agreement with Commercial Metal Recycling Services (CMRS) for the purchase of assets

    Sims Metal subsidiary Sims Group Australia Holding reported Thursday it is to go into an agreement with Commercial Metal Recycling Services for the acquisition of assets. The deal will see Sims acquire some assets of the metal recycler. Commercial Metal Recycling Services is a specialist firm in the recycling services sector and serves a number of organizations in the State of Queensland.

    The firm boasts a vast experience in the recycling and specialty metal processing for end user smelters nationally. The investment is expected to enable the firm enhance its service delivery to customers within the original sectors covered by CMRS with capability to collect 75 thousand and 7 thousand tons of ferrous and non-ferrous scrap annually.

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  • Ericsson Australia acquires telecommunications firm Allied Technologies Group TUSC

    Ericson Australia Thursday announced it had bought a Subsidiary of Allied Technologies Group, TUSC. The takeover will see Ericson Australia take in around 80 employees of TUSC who will be absorbed into the group. TUSC specializes in systems integration for telecommunications, utilities and enterprises.

    The investment is typical of Ericson’s drive for additional reinforcement of its already leading placement in the telecoms services markets. Other than that, it is also expected to reinforce its focus areas of systems integration, telecom management and operational support systems (OSS). The TUSC acquisition also allows Ericsson to diversify its customer base into closely related sector utilities.

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