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Invest In Australia News::

  • 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.

  • 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.

  • 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.

  • 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.

  • Mitsubishi UFJ Financial Group in talks to buy Australia based infrastructure advisory unit of RBS

    According to the Financial Times, Japan’s Mitsubishi UFJ Financial Group is in advanced talks to buy an Australia-based infrastructure advisory unit of Royal Bank of Scotland and its portfolio of public-private project-finance assets.

    MUFG, Japan's largest lender by assets, agreed to buy RBS project-finance assets in Europe, the Middle East and Africa worth 3.3 billion pounds ($5.3 billion) last year. The Japanese lender is also hiring some project-finance bankers from RBS, said Reuters.
     
    According to Reuters, a source familiar with the matter said the Australia talks were not at an advanced stage and a deal might not materialize. Representatives for MUFG and RBS Australia declined to comment, indicated the report.

  • Peabody Energy to Acquire Thiess 5% Interest in Burton Coal Mine

    Peabody Energy has agreed to acquire Thiess’ 5% joint venture interest in the Burton Coal Mine for AU$35 million. In 1996, Thiess made a small strategic investment to assist with the development of the Burton Mine.

    While Thiess is fundamentally a mining contractor, the investment is consistent with the company’s approach to new projects. Given the continuing success of operations at the Burton Coal Mine, Thiess’ strategic investment is no longer required and the time is now right to sell down the investment, said Thiess in a release.

  • Reserve Bank head warns over surge in anti-foreign investment in Australia’s resources sector

    The Australian Tuesday reported that Reserve Bank of Australia (RBA) board director Warwick McKibbin, cautioned against surge in sentiment against foreign investment in Australia's resources sector.

    According to the Australian, McKibbin warned that the ongoing anti-FDI sentiment is "counter-productive" and the Australian economy will suffer without capital from abroad.

    Professor McKibbin’s warnings come amidst the release of a research by the Greens into foreign ownership of Australia's mining industry, to prosecute their case for higher taxes on the sector, triggering an angry backlash from miners, said the report.

  • Talisman Acquires Two Gold Exploration Projects in Western Australia

    Talisman Mining Ltd announced that it has further expanded and diversified its exploration portfolio by acquiring an 80% interest in the Muddawerrie and Livingstone Gold Projects, located in Western Australia’s northeastern Goldfields.

    The Muddawerrie Project is located 100km north west of Meekatharra and contains two demonstrably mineralized shear zones extending over a strike length of more than 16km within an Archaean greenstone belt.
     
    The Livingstone Project is located approximately 25km north west of the Muddawerrie Project and consists of three granted Exploration Licenses containing demonstrated gold endowment within the western extension of the Proterozoic aged Bryah Basin.
     

  • Foster's Group Limited rejects unsolicited offer from SABMiller plc

    Foster's Group Limited (Foster's) announced Friday that it received an unsolicited, incomplete, non-binding and conditional proposal from SABMiller plc to acquire all of the shares in Foster's via a scheme of arrangement at a price of $4.90 per share in cash.

    However, the Board of Foster's reiterated that it believes the proposal significantly undervalues the company in the context of a change of control and, as such, does not intend to take any further action in relation to it. SABMiller's offer values the company at about $ 10 billion.

  • 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.

  • 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.
     

  • 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.

  • 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.

  • 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.

  • 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).

     

  • 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.

  • 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.

  • 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.

  • 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.
     

  • Archer Capital acquires Quick Service Restaurant from Quadrant Privet Equity

    Australian private equity firm Archer Capital, has acquired Quick Service Restaurant (QSR), the Australia-based fast food operator, from Quadrant Private Equity for $474 million. The acquisition marks Archer's third deal in a span of six weeks. It bought motor sport race company V8 Supercars Australia and private hospital operator Healthe Care.

    Chris Hadley, Quadrant Managing Director, said the deal means a threefold return to the company’s investors on its $110 million equity investment made four years ago, during which it increased the number of QSR outlets from 450 to 620. QSR's management will hold 10% stake.

  • Neopost completes its acquisition of GBC Australia

    Neopost, the European leader and world’s number two supplier of mailroom solutions, Tuesday announced it has completed the acquisition of GBC – FORDIGRAPH Pty Ltd (GBC Australia), the Australian market leader in commercial document finishing and business mailing solutions with a reputation for quality, reliability and service.

  • BBY acquires the Private Client Adviser network from StoneBridge Group

    BBY has announced it has signed an agreement with the StoneBridge Group (StoneBridge) to acquire the StoneBridge Private Client Adviser network, staff and product platforms. Financial details of the acquisition were undisclosed.

    Australian-owned BBY has previously built market share on the strength of its corporate, research and institutional businesses, so the acquisition is an important strategic development for BBY and signals the creation of a significant new player in the Australian private client market.

  • Regal Beloit acquires Melbourne based Australian Fan And Motor Company

    Regal Beloit Corporation Friday announced that the Company has acquired the Australian Fan and Motor Company (AFMC) headquartered in Melbourne, Australia.
     
    AFMC manufactures and distributes a wide range of direct drive blowers, fan decks, axial fans and sub fractional motors for sales in Australia and New Zealand. For the remainder of 2011, the business is expected to add approximately $6.0 million to sales.
     
    Mark J. Gliebe, CEO of Regal Beloit noted that AFMC, combined with Beloit’s Fasco Australia and CMG businesses allows the company to offer a more complete solution to its South Pacific customers by combining high efficiency motors and blowers.

  • Charter Hall Retail REIT Completes acquisition of Woolworths Portfolio

    Charter Hall Retail REIT (REIT) announced it has completed the acquisition of the portfolio of eight Woolworths supermarket anchored shopping centers contracted last month.

    The properties have been acquired in equal partnership with a major Australian superannuation fund, Telstra Super, for a gross purchase price of $284.7 million, including taxes and all acquisition costs. The transaction is forecast to deliver a first full year running yield of approximately 8.0%.

    The shopping centers, acquired from Woolworths Limited comprise two sub-regional shopping centers and six neighborhood shopping centers all anchored by a full line Woolworths supermarket.