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

  • Qube picks up DP World’s Shareholding in P&O Trans Australia

    Qube Logistics is to increase its shareholding in POTA Holdings Limited to around 94.5% through the exercise of call and put options with DP World (POSN) Pty Limited (DP World), the other major shareholder in POTA.

    The total amount payable in respect of the exercise of the call and the put options will be $106 million which includes the purchase of DP World’s shares and related loans. POTA is the business that forms Qube’s Landside Logistics division.

    This business, which operates under the trading name P&O Trans Australia, provides a comprehensive range of logistics solutions on a national basis focused on the import / export supply chain for containerized cargo.

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  • Canadian firm acquires two Australian firms, CSSP and Kensington Computer Services

    Explorer Software Group announced it had acquired CSSP, the largest provider of software solutions for the Australian construction market. However, Explorer followed the investment in CSSP with the acquisition of a second Australian firm, Kensington Computer Services.

    CSSP has been designing and selling its own range of integrated and creative information management and control systems for all aspects of the construction industry for more than two decades now. It is dedicated to producing cost-effective and highly-productive computer systems, utilizing the best of current technology tools.

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  • Print Media Group expands with acquisition of Moore Australia’s western Australian operations

    In a bid to expand its business, Print Media Group (PMG) has purchased Moore Australia’s western Australian operations. The company said the investment is in line with its national focus. With the latest expansion move, Print Media Group acquires Moore’s sales and business operations.

    Print Media Group Managing Director, Leo Moio, commented that the arrangement firmly places Print Media Group as a nationally focused organization. Mr Moio said the acquisition of Moore in Western Australia is a strategic step to support the firm’s Western Australia and national clients and increase its presence in the Health market nationally.

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  • Chinese firm Taiyuan Mining to buy Valley Longwall International

    Chinese firm, Taiyuan Mining Machinery Group Coal Machine Co. Ltd is to purchase Valley Longwall International Pty Limited (VLI). In an announcement Thursday, Valley Longwall International said its shareholders have agreed to sell shares in the Group to the Chinese firm.

    Taiyuan Mining Machinery Group Coal Machine Co. Ltd (TMG) is a subsidiary of Taiyuan Heavy Machinery Group Coal Machine Co. Ltd. The financial details of the transaction were however not revealed. The transaction involves the sale of the entire Group, including VLI Drilling, VLI Diesel and VLI Conveyor across Australia and China.

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  • Macadamia Processing Company acquires 50 per cent of Consolidated Nuts

    Australia’s largest processor of macadamia nuts, Macadamia Processing Company (MPC), has acquired 50 per cent of Queensland based Consolidated Nuts (Australia) Pty Ltd (CNA).
     
    Macadamia Processing Company is based near Lismore in northern NSW. CNA operates the only macadamia processing plant in the rapidly-growing macadamia region of Bundaberg in southern Queensland, which is expected to produce about 40 per cent of Australia’s macadamia nuts within five years.

    Together, the two regions of northern NSW and Bundaberg will account for about 80 per cent of Australia’s macadamia nuts by 2015.

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  • Pelican Products acquires Australia’s custom packaging solutions provider Trimcast

    Pelican Products Pty Ltd concluded a transaction to purchase the renowned, Australian-based custom packaging solutions provider Trimcast. The move brings two legendary brands under the same corporate umbrella and signifies the Company’s explosive international growth. It also dramatically enhances the Company’s custom packaging solution offerings in the Australasia region.

    Lyndon Faulkner, President and CEO of Pelican Products, noted that as the firm continues to grow its global business both organically and through strategic acquisitions such as this, it’s important that Pelican brings companies into its family of businesses that meet both the firm’s business goals and have a similar culture and outlook.

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  • Shell acquires an 8% participating interest in Chevron’s Australia based Wheatstone Project

    Chevron Corporation has signed agreements with Shell Development (Australia) Pty Ltd to bring Shell into the Chevron-operated Wheatstone Project as a natural gas supplier and equity participant.

    George Kirkland, vice chairman, Chevron Corporation, reiterated his delight over the move, noting that Chevron is pleased to welcome another participant into the Wheatstone Project. Kirkland said the Wheatstone hub will provide a reliable new source of energy to Australia and the region. It will also further enhance Chevron's position as a leading supplier of liquefied natural gas (LNG) in Asia-Pacific, he stated.

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  • Entertainment One Ltd acquires Australia’s film distributor Hopscotch

    Entertainment One Ltd (eOne), the international entertainment group, has acquired the Hopscotch group, one of Australia's premier independent feature film distributors. The investment is eOne’s first in the Australasian expanse and is in line with the firm’s strategy aimed at turning it into one of the world’s leading independent filmed entertainment content distribution business.

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  • HomeAway Inc. acquires Australia’s vacation rental brand of REA Group Ltd

    HomeAway, Inc., the worldwide leader in online vacation rentals, acquired realholidays.com.au, the Australian vacation rental brand of REA Group Limited. The acquisition of realholidays.com.au, which features 21,000 listings not only broadens HomeAway’s reach into the Australian market, but also marks its expansion from North America, South America and Europe into Asia-Pacific.

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  • Woodside Petroleum Ltd may sell stakes in Ozzie natural gas ventures to Japanese firms

    A Bloomberg report Friday indicated that Woodside Petroleum Ltd (WPL) may sell stakes in its Australian natural gas ventures to Japanese companies. Quoting Credit Suisse, Bloomberg said Woodside Petroleum plans to use the proceeds to buy back Royal Dutch Shell Plc’s $9 billion of shares in the company.

    In a report Friday, McCullagh and Nik Burns, analysts at Credit Suisse in Sydney and Melbourne indicated that Shell, Europe’s largest oil company, is likely to sell its remaining 24.27 per cent stake in Woodside “sooner rather than later,” said Bloomberg.

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