Wallenius Wilhelmsen sells Melbourne International RoRo & Auto Terminal
Oslo, May 27, 2024 - Wallenius Wilhelmsen has entered into a definitive
agreement to sell Melbourne International RoRo & Auto Terminal Pty Ltd (MIRRAT)
for AUD 332.5 million to Australian Amalgamated Terminals Pty Ltd, a wholly
owned subsidiary of Qube Holdings Limited, Australia's largest logistics
provider.
Wallenius Wilhelmsen will continue to utilize MIRRAT following the transaction,
ensuring services to its customers will not be impacted by the sale. "MIRRAT has
been incredibly successful both commercially and financially, and the sale
demonstrates the values created in our logistics business. As we continue to
develop our integrated offering to customers, we believe the terminal's
independence and open access can be even better developed under a new and
independent ownership. We will continue to be a happy customer of MIRRAT and
work with the strong team there," says Lasse Kristoffersen, President and CEO at
Wallenius Wilhelmsen.
"The MIRRAT-team has done a great job, developing the only dedicated roll-on,
roll-off terminal, building a robust and customer-centric operation serving
multiple shipping lines," Kristoffersen adds.
Wallenius Wilhelmsen remains firm in its commitment to Australia as a critical
market for shipping and logistics customers and is continuously looking for
opportunities to expand its global integrated logistics offering.
Closing of the transaction is expected in Q3 2024 subject to the satisfaction of
certain conditions including regulatory and contractual approvals. Additional
information will be provided on closing of the transaction.
Wallenius Wilhelmsen was advised by BofA Securities.
For further information, please contact:
Anders Redigh Karlsen, VP Global IR & Market Insight
Tel: +47 994 20 293 Email: anders.karlsen@walwil.com
Media:
David Hopkins, External Communications Manager
Tel: + 47 942 88 486 Email: david.hopkins@walwil.com
About Wallenius Wilhelmsen
The Wallenius Wilhelmsen group is a market leader in roll-on/roll-off (RoRo)
shipping and vehicle logistics, managing the distribution of cars, trucks,
rolling equipment and breakbulk to customers all over the world. The company
operates around 125 vessels servicing 15 trade routes to six continents, a
global inland distribution network, 66 processing centers and eight marine
terminals including MIRRAT. With a head office in Oslo, Norway, the Wallenius
Wilhelmsen group has 9,500 employees working across 28 countries worldwide.
About Qube
Qube is the leading Australian provider of import and export logistics services
and is listed on the Australian Securities Exchange with a market capitalisation
of approximately AUD 5.7 billion. Qube operates in over 160 locations across
Australia, New Zealand and Southeast Asia and it employs more than 9,000 people.