Monday, 25 May 2020 Sydney

Invest In Australia Blog::

  • ATCO to Acquire Western Australia Gas Networks

    ATCO announced that it has signed a conditional agreement to acquire Western Australia Gas Networks (WAGN) from WestNet Infrastructure Group. WAGN is the natural gas distribution utility company that serves the City of Perth and surrounding areas.

    Nancy Southern, President & Chief Executive Officer, ATCO Group, noted that in April 2010, ATCO’s Board of Directors approved an Australian growth strategy modeled after ATCO’s existing Canadian enterprise of diverse yet complementary businesses.

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  • Kovair Software acquires Australia based CRM company with locations in Melbourne, Sydney and Brisbane

    Customer Systems International (CSI), an Australia based CRM company with locations in Melbourne, Sydney and Brisbane, has been acquired by Kovair Software, Inc. (Kovair).

    Kovair Software is a Silicon Valley ALM (Application Lifecycle Management) and ITSM (IT Services Management) software company. The acquisition will create a new Australian entity, Kovair Pty Ltd which will leverage the strengths, products and workforces of the combined CSI and Kovair entities, said Kovair.

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  • Australian Government gives Green Light for Ichthys Project

    The Australian government granted the green light for Japan’s INPEX to proceed with the Ichthys project, a Joint Venture between INPEX group companies (76%, the Operator) and Total group companies (24%).

    In a statement, INPEX said the Australian Government’s decision to grant environmental approval to the Ichthys Project is a welcome step forward and helps pave the way for a final investment decision in the fourth quarter of 2011.

    INPEX President Director Australia Seiya Ito said Federal environmental approval represents a significant milestone for the project following a rigorous three year assessment process, comprehensive environmental studies and extensive engagement with the community and other stakeholders.

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  • Metcash Trading Limited completes its acquisition of SSA

    Metcash announced Friday that it has completed its acquisition of SSA. SSA provides advanced point of sale systems to independent retailers in the grocery, liquor, hardware, fuel and convenience sectors.

    Metcash Trading Limited announced on 9 March 2011 that it had entered into an agreement to acquire SSA Holdings Pty Ltd (trading as Scanning Systems Australia or SSA).

    Earlier June, the Australian grocery, liquor and hardware marketer and wholesaler announced that the Australian Competition and Consumer Commission (ACCC) had decided not to oppose its acquisition of SSA Holdings Pty Ltd.

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  • Bradken Acquires Norcast Wear Solutions and Australian & Overseas Alloys

    Bradken Limited announced it had made two acquisitions for a total consideration of A$222 million. These acquisitions are expected to deliver A$28 million of additional EBITDA in 2011/12, including synergies, and will be funded from current cash and debt facilities.

    Both businesses largely produce and sell differentiated wear parts for mining, and support Bradken’s key strategy of growing the company’s core consumable businesses.

    Commenting on the acquisitions, Managing Director Brian Hodges said the acquisitions are in line with Bradken’s strategy of globalizing its consumable products businesses and building a substantial presence in the world’s major mining regions.

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  • 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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