Sunday, 28 May 2017 Sydney

Invest In Australia News::

  • Austal announces agreement for the purchase of Australian Technology Information Pty Ltd (ATI)

    Australia’s foremost ship building firm and the biggest global designer and builder of high performance aluminum vessels for the defense and commercial markets, Austal announced it had reached an agreement for the purchase of Australian Technology Information Pty Ltd. The Canberra based Australian Technology Information Pty Ltd (ATI) provides specialized services to the Australian Defence Forces inclusive of systems engineering and integration, information technology, verification and validation systems and deployable tactical command centres.

  • New Zealand’s biggest flooring retailer Xtra to expand into Australia next year

    New Zealand’s biggest flooring retailer Flooring Xtra is to expand into Australia next year, emulating its business model that has built it into a formidable firm in New Zealand. The firm said it is planning an Australian expansion that will be undertaken via its successful cooperative business model, responsible for building the firm into New Zealand’s biggest flooring retailer within a year of its inauguration.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

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

    Australian software firm Atlassian over the weekend announced reported it had made an investment for the takeover of 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, a free code hosting site with some estimated 60,000 users.

  • 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.

  • 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.

  • Australian oil and gas firm MEO Australia Limited completes acquisition of an additional 5 per cent in WA-360-P

    Australian oil and gas firm MEO Australia Ltd said it had completed the acquisition of an additional 5 per cent interest in WA-360-P well. The firm paid an investment sum of $5.5 million for the additional 5 per cent interest. The move marks the final step in the acquisition process, and the interest will be now be acquired from Rankin Trend Pty Ltd, a wholly owned subsidiary of Moby Oil $ Gas.

  • Singapore Exchange Ltd in bid to merger with the Australian Stock Exchange in an $8.3 billion undertaking

    Singapore Exchange Ltd Monday said it is mulling a potential takeover of the operator of the Australian bourse for a consideration of $8.3 billion. The investment offer is a cash and shares takeover for the Australian securities operator, with the undertaking targeted at taking the Singaporean Exchange Ltd from second tier stock market to leading Asian Finance centre.

    If it should go through, the investment is expected to create the world’s fifth largest exchange in terms of market value and rank as the second largest stock market in Asia in terms of the number of listed firms. In a joint statement, the two exchanges reiterated their plans, targeted at increasing their survival amidst the increasing competition.

  • Vocus invests in the Sydney and Melbourne arms of E3 Networks' datacenter business

    Vocus announced Monday it had bought the Sydney and Melbourne units of E3 Networks’ datacenter business. Vocus, the voice and data network operator said it had made the investment for a consideration of sum $5.9 million. The investment now puts datacenter facilities that serve around 120 different telcos and internet service providers under the management of Vocus.

  • Corporate Travel Management acquires Travelcorp Holdings

    Corporate Travel Management Friday announced it had acquired Travelcorp, one of Australia’s foremost travel firms. Corporate Travel Management is based in Brisbane and its acquisition of Travelcorp expands its offering considerably. Corporate Travel Management founder and chief executive officer Jamie Pherous said Travelcorp is a perfect fit for the firm’s business as it complements the firm’s offering and will help enhance its position in the industry.

  • ASG Group announces acquisition of Progress Pacific to expand into SAP space

    ASG Group announced Friday it had acquired Progress Pacific in a move aimed at expanding its foothold in the SAP space. Progress Pacific is based in Sydney and is a SAP services provider with a robust client relationship in a variety of industries. Progress Pacific has developed an impressive and thriving business in Sydney and Melbourne with its blue chip client inclusive of firms such as Broadcast Australia, Device Technologies, Fresenius Medical Care, George Weston Foods, IAG, ING, Kimberly-Clark, PepsiCo and Smiths.

  • James Packer’s Consolidated Press Holdings Ltd acquires a 17.88 percent stake in Ten Network Holdings Ltd

    Consolidated Press Holdings Ltd has invested in Ten Network Holdings for a 17.88 per cent shareholding. Consolidated Press Holdings Ltd is a closely held firm controlled by billionaire James Packer. Its acquisition reinforces its media offering in Australia, and places it at a better offering given the fact that Ten Network Holdings Ltd is Australia’s third ranked television broadcaster.

  • Japanese firm JFE Steel Corp group buys interests in two coal-mining projects in Australia, inclusive of mine development costs, reports

    In a report carried by the Nikkei business daily, Japanese firm JFE Steel Corp. group is reported to have purchased interests in two coal mining projects in Australia. The two coal mining interests were bought for an investment of around 13 to 15 billion Yen, about $159.5 to $184.1 million, and the sum is inclusive of the mine development costs.

    JFE Steel’s unit JFE Shoji Trade Corp is understood to have purchased all of the shares in Republic Coal, a Sydney based Australian mining firm from its holding firm, said the Nikkei business report.

  • GE Strengthens smart grid software portfolio, acquires Australia-based Opal Software

    In a bid to expand its portfolio and offering, GE announced Monday it had acquired Australian firm Opal Software. Opal Software is a data migration and SCADA simulation provider based in Australia. The move increases GE’s smart grid software portfolio, in line with the firm’s strategy targeted at bolstering its business offering.

  • New Zealand based Sleepyhead unveils aggressive expansion strategy as it prepares to open a new $35m bed factory in Melbourne

    New Zealand based Sleepyhead has unveiled its strategy for robust expansion in Australia, as it readies itself for commencing operations at a fresh bed factory in Melbourne. Sleepyhead, New Zealand’s giant privately held manufacturer, said it will be commencing an aggressive expansion plan to increase its foothold in Australasia markets. The company revealed its strategy that is geared at increasing its exports to Sri Lanka and India.

  • BHP Billiton and Rio Tinto to abandon their proposed $116 billion iron-ore joint venture without triggering a $250 million break clause

    The Sunday Times reported that Rio Tinto and BHP Billiton are currently in talks over how to abandon their collapsed merger minus initiating a $250 million break clause. The two firms are held up in discussion over the available options but without activating the break clause of the agreement they had gone into.

  • US based healthcare firm Henry Schein to acquire Australian firm Provet Holdings Ltd

    US based health care products firm Henry Schein Inc. is to acquire Provet Holdings Ltd, signaling its foray into the Australian and New Zealand markets. The US firm agreed on a deal pegged at about A$93.2 million, as it seeks to take advantage of the vast opportunities presented by the New Zealand and Australian veterinary markets.

  • Korea Gas Corp to acquire stakes in Australian Liquefied natural gas projects in massive investment, about $1 billion

    As its economy expands and the demand for resources goes up, the Korea Gas Corp is moving to Australia and Indonesia for supplies. The Korea Gas Corp is keen on acquiring shareholding in Australian and Indonesian liquefied natural gas projects as it aims to secure supplies. The state run company is keen on bolstering Korea’s supplier of liquefied natural gas and the planned Australian acquisitions are expected to result in stable supplies.