AUSTRALIA > US based Progress Rail has signed an agreement to acquire Downer Freight Rail

Progress Rail logo Progress rail, a Caterpillar company, has signed an agreement to acquire Downer Freight Rail. Downer Freight Rail provides a full suite of rolling stock, aftermarket parts and services. It is headquartered in North Ryde and has 15 maintenance facilities throughout Australia. With this acquisition, Progress Rail and Downer, that have already been in business for nearly 70 years, will further More …

AUSTRALIA> Singapore based WEFIC and Australia based KINETIC jointly announce the launch of a service facility

WEFIC logo Marking an important milestone in promoting high-end marine wellheads in Australia, Singapore based WEFIC and Australia based KINETIC jointly announced the launch of a service facility. According to Willy Ben Ng, Vice President of WEFIC: “Given the strong market demand for wellhead products and the tight delivery requirements in relation to the Australian market, WEFIC decided to partner with KINETIC More …

AUSTRALIA > India based Strides Shasun’s subsidiary Arrow Pharmaceuticals has acquired US based Amneal Pharmaceuticals Australian operations for AUD 17 million ($13.3 million)

strides shasun logo To expand its presence in the generics market in Australia, Strides Shasun’s Australian subsidiary Arrow Pharmaceuticals has acquired the Australian operation of the US- based Amneal Pharmaceuticals for AUD 17 million ($13.3 million). According to Dennis Bastas, Chairman of Arrow Pharmaceutical, bringing Amneal’s customer base into Arrows network of pharmacies will be very beneficial for Arrow’s growth. Amneal was founded More …

AUSTRALIA > Hong Kong’s Vistra Expands to Australia with the Acquisition of Foster Raffan’s Unit

vistra Vistra, a Hong Kong based service providers of international incorporations, trust, fiduciary, private office, and fund administration services, has announced the acquisition of the Compliance division of Foster Raffan, a chartered accounting firm based in Sydney, Australia. The Foster Raffan’s team of 17 staff will all join Vistra. According to Vistra, with this acquisition it can now support firms in wider More …

AUSTRALIA > Woolworths acquires 100% of Australian menswear Politix

woolworths According to its press release, Woolworths (publicly listed in Johannesburg as “WHL”) wholly owned subsidiary, Country Road Group, had entered into an agreement to acquire Politix, a market-leading retailer in Australian menswear design. The amount offered to Politix is not disclosed. Management at WHL puts this acquisition as “consistent with WHL’s southern hemisphere strategy of building a strong and diversified More …