Tuesday, 23 July 2019 Sydney

Invest In Australia Blog::

  • QIAGEN N.V. to purchase Australia’s Cellestis Limited for US$355 million

    Netherlands based QIAGEN N.V. is to acquire Australia’s Cellestis Limited for around A$341 million (US$355 million) in cash. The investment provides QIAGEN with access to a novel "pre-molecular" technology that offers a new dimension in disease detection not currently possible with other diagnostic methods, stated QIAGEN.

    Peer Schatz, Chief Executive Officer of QIAGEN N.V. said the firm believes next-generation DNA- and RNA-based molecular testing can benefit from greater use of QuantiFERON® technology, which has a unique ability to identify patients at risk from potentially life-threatening diseases.

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  • US based Teleflora acquires Australia’s award-winning floral delivery service firm Petals Network

    US based firm Teleflora, the world’s leading floral wire service offering 100% hand-arranged, hand-delivered flower arrangements by local neighborhood florists, purchased Petals Network, an award-winning Australian and New Zealand floral delivery service.    
    The company's first international acquisition strengthens the U.S. firm’s offerings throughout Australia and New Zealand by tapping into Petals Network's extensive system of 1,300 local, quality conscious florists from Australia, New Zealand and around the world.

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  • CSC to acquire Australia’s leading provider of advanced healthcare IT solutions

    CSC is to acquire all of the outstanding equity of iSOFT Group Limited. iSOFT is one of the world’s largest providers of advanced healthcare IT solutions. The acquisition was made possible by way of a court-approved scheme of arrangement. CSC expects the acquisition to complement and strengthen its market-leading software products and healthcare integration and services portfolio, while enhancing its healthcare research and development capabilities.

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  • Fletcher Building Limited says it has secured a 92.7 percent relevant interest in Crane Group Limited

    New Zealand based construction major Fletcher Building Limited announced Wednesday that it has secured a 92.7 per cent relevant interest in Australia’s Crane Group Limited. Subsequently, Fletcher Building will therefore not extend its takeover offer for Crane. The offer closes on 31 March 2011. After the close, Fletcher Building will proceed with the compulsory acquisition of Crane.

    Fletcher Building Chief Executive Officer Jonathan Ling said the move is a significant milestone for the firm, having crossed the 90 per cent acceptances level in the firm’s offer for Crane Group. Ling said the investment marks a considerable milestone, as Fletcher will now move to compulsorily acquire the remaining shares.

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  • Cephalon Inc acquires Australia’s ChemGenex Pharmaceuticals Limited

    In a joint announcement, Cephalon Inc. and ChemGenex Pharmaceuticals Limited said Cephalon's wholly-owned subsidiary, Cephalon CXS Holdings Pty Ltd, is to acquire ChemGenex. ChemGenex is a hematology-focused Australian biopharmaceutical company developing its lead product candidate, OMAPRO(TM), for the treatment of chronic myeloid leukemia (CML) patients.

    Kevin Buchi, Chief Executive Officer of Cephalon, said the proposed transaction allows ChemGenex shareholders to realize cash proceeds at a significant premium to recent trading levels and adds an interesting late-stage opportunity to the firm’s portfolio.

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  • Tripoint Corp acquires Melbourne based business consulting group Platinum Insight

    Tripoint Corporation, a privately owned business and systems integration consulting company, has acquired Platinum Insight, a Melbourne based business consulting group that specializes in helping financial services organizations implement large-scale strategic business transformation and modernization initiatives.

    Tripoint expects the acquisition of Platinum Insight to bolster its growth strategy and help the corporation accelerate its presence in the financial services sector. It will also provide the scale and support framework to offer customers a broader range of solutions in business and systems integration consulting and application support, stated Tripoint.

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  • BHP Billiton to invest upwards of $13 billion in expanding its output of coal and iron ore

    Mining major BHP Billiton is to invest upwards of $13 billion in expanding its output of iron ore and coal, reported the wall street journal. The two minerals are key materials in the expansion of emerging Asian economies. There has been an increasing demand for iron ore and coal from emerging economies such as China and India.

    The investment sum is targeted at mines, rail links and ports in Australia. Currently, Australia is a key exporter of strategic raw materials for the energy and steel needs of countries such as China and India, said the Dow Jones. BHP Billiton's share of the investment will be about $9 billion, the Melbourne-based mining giant said in a statement last week.

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  • India based Komli Media acquires Australia’s leading premium website representation firm PostClick

    Komli Media, India’s largest and most successful digital media network platform, announced that it has acquired PostClick.  PostClick is Australia’s leading premium website representation firm. The investment turns Komli into the leading digital media network platform across Asia Pacific.  With the acquisition, Komli now reaches over 30 million unique audiences across the region.

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  • US based Quamtel Inc to acquire Australia’s SavvyTel Communications

    US based Quamtel Inc has signed a letter of intent to acquire Australia’s SavvyTel Communications Pty Ltd. The definitive agreement is expected to be signed in April 2011.
    Under the purchase agreement, QuamTel Inc. will acquire 100% of the stock of SavvyTel Communications Inc. in exchange for the issuance of 5.5 million common shares of QuamTel, Inc.

    Post the acquisition, SavvyTel will be a wholly owned subsidiary of QuamTel Inc. Commenting on the acquisition, QuamTel CEO, Stuart Ehrlich, said the combined strengths of the two companies will provide them with strategic reach internationally. Ehrlich stated that the acquisition provides QuamTel with a large subscriber base to market other synergistic QuamTel products.

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  • JSC Atomredmetzoloto in fresh bid to acquire Australia’s uranium miner Mantra Resources

    Russia’s JSC Atomredmetzoloto (ARMZ) has made a fresh bid for the acquisition of Australia’s uranium miner, Mantra Resources. The fresh bid comes after the Russian firm withdrew its earlier takeover offer for Mantra Resources. ARMZ’s new offer values Mantra Resources at approximately $1.03 billion, an amount that is lower that the firm’s previous valuation of $1.17 billion.

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