Sunday, 25 February 2018 Sydney
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Invest In Australia News::

  • Macquarie Leasing forays into Australian motor vehicle floorplan finance market

    Macquarie Leasing announced that it has entered the Australian motor vehicle dealer wholesale floorplan finance market. Floorplan finance facilities are arrangements which dealers use to fund motor vehicles during the time the vehicles are on the showroom floor.  

    This expansion of its product range further consolidates Macquarie Leasing’s position as one of the leading providers of motor vehicle finance in Australia. At 31 March 2011, its motor vehicle leasing portfolio was valued at $A5.9 billion and comprised more than 240,000 contracts.  

  • ACT Helping Canberra based companies crack trillion dollar US market

    The ACT Labor Government is urging local companies to consider being part of a pilot program aimed at helping them crack the lucrative trillion dollar US market for government services.


    The Exporting Services to Government pilot has been developed in consultation with the ACT Exporters’ Network, the NICTA e-government Cluster, the AIIA CollabIT Network, the Defence Export Unit and Austrade. It features local export success story Stewart Rendall who will act as mentor, providing his experience and expertise to companies involved in the pilot.

  • NSW Premier Barry O’Farrell has opened his trade visit to China by securing investment deals

    NSW Premier Barry O’Farrell has opened his trade visit to China by securing two investment deals for the State.


    Mr O’Farrell has congratulated the China Railway 15th Bureau Group (CR15G) on its decision to open an office in NSW – its first in Australia.


    “The China Railway Group is looking to position itself in NSW to take advantage of opportunities to tender for infrastructure developments,” Mr O’Farrell said.

  • Best new Aussie ICT technology talent announced for Tech 23

    Acting NSW Premier Andrew Stoner Monday announced the 23 successful local ICT companies that will participate in next month’s Tech23 innovation event in Sydney.

     

    Tech23 is a competition that gives 23 of the best young, innovative and fast-growing Australian technology companies the chance to showcase to over 400 potential investors, mentors, entrepreneurs, and customers.

     

    Mr Stoner said the 23 successful applicants had been chosen from more than 150 submissions from Australia's most innovative ICT companies.

     

  • Tasmania North-west coast prospects beefed up by expansion

    A Tasmanian beef processing company in Smithton has created 17 new jobs for the region through building improvements partly funded by a $1.1 million grant from the Australian and Tasmanian Labor governments.

     

    Greenham Tasmania received the grant through the $17 million North West and Northern Tasmania Innovation and Investment Fund (NWNTIIF), which was jointly established by the governments in 2009 in response to factory closures in the region.

     

  • HiFX and EFIC announce foreign exchange facility guarantee to assist exporters in managing volatility in currency markets

    Specialist currency services provider, HiFX, today announced a foreign exchange guarantee agreement with the Export Finance and Insurance Corporation (EFIC), with the aim of helping to give Australian exporters greater control in managing their exposure to volatile currency markets.


    With the use of the guarantee from EFIC, the Australian Government’s export credit agency, HiFX can provide eligible exporters with higher limits for foreign exchange hedging, one of the most common ways exporters manage foreign exchange risk. Businesses will not have to provide additional security to access the guarantee.

  • Santos acquires 100% of Eastern Star Gas

    Santos announced Monday that it has reached binding agreements to give effect to the acquisition of 100% of the outstanding ordinary shares in Eastern Star Gas Limited (ESG) and the subsequent sale of a 20% working level interest in ESG’s permits in the Gunnedah Basin, northern New South Wales, for A$284 million to TRUenergy Holdings Pty Ltd (TRUenergy).

    Pursuant to these transactions, Santos will assume operatorship and own 80% of ESG’s coal seam gas (CSG) permits with TRUenergy owning the remaining 20%. The acquisition of ESG will be conducted via a recommended Scheme of Arrangement (Scheme) under which ESG shareholders will receive 0.06803 Santos shares for every 1 ESG share held.

  • Lasalle to Acquire Brisbane Based Australian Property Funds Management Business

    LaSalle Investment Management, a leading global real estate investment manager, Friday announced that it has entered into a definitive agreement with Trinity Group and Clarence Property Corporation to acquire Trinity Funds Management (TFM) for AU$9.25 million, plus the net assets of the business.
     
    There are a number of customary conditions to be met before closing, which is anticipated to be on or around 1 August 2011.
     

  • Peabody Energy and ArcelorMittal SA Submit Proposal to Acquire Macarthur Coal

    Peabody Energy and ArcelorMittal SA Thursday confirmed that they have jointly submitted an indicative proposal to the board of directors of Macarthur Coal Ltd to acquire all of the shares of the company.
     
    Under the proposal by a newly formed company, owned 60 percent by Peabody and 40 percent by ArcelorMittal, Macarthur shareholders would be offered a cash price of A$15.50 per share through an off-market takeover offer. The new company has a relevant interest of approximately 16 percent in Macarthur's shares.
     
    The proposal price implies a value for the equity in Macarthur of approximately A$4.7 billion and represents a substantial premium to recent trading.

  • Trican Well Service acquires Viking Energy Pty Ltd and its subsidiaries

    Trican Well Service Ltd announced that it has purchased Viking Energy Pty Ltd and its subsidiaries (collectively "Viking Energy"). Viking Energy is a privately-owned enterprise based in Brisbane, Queensland and provides cementing and environmental services in Eastern Australia.

    Under the terms of the purchase, Trican acquired 100% of the shares and units of Viking Energy through its wholly-owned Australian subsidiary. With an operating base in Roma, Queensland, Viking Energy operates 4 cement pumpers, along with associated ancillary equipment and fluid logistics equipment.
     

  • New South Wales Premier to lead trade mission to China

    NSW Premier Barry O’Farrell will lead a senior trade delegation to China next week to promote trade and investment to the State.

     

    Departing on Saturday, the six-day mission to Beijing, Shanghai, Guangzhou and Hong Kong fulfils an election commitment to lead a delegation to China within six months of assuming office.

     

    “The fact that this is my first overseas visit as Premier underlines the significance my Government places on our relationship with China,” Mr O’Farrell said.

     

  • Prime Minister Julia Gillard announced Australia’s Clean Energy Future

    Clean Energy Future – announced by Prime Minister Julia Gillard on 10 July - is part of a long term plan to reshape Australia’s economy, cut carbon pollution, drive innovation, and help avoid the increased costs of delaying action on climate change.

     

    The comprehensive plan includes:

     

    - Putting a price on carbon pollution

    - Promoting innovation and investment in renewable energy

    - Improving energy efficiency

  • 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.
     

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.