In a transfer to bolster its presence within the Australian automotive logistics sector, The Optimus Group, a worldwide automotive funding firm listed on the Tokyo Inventory Alternate, has finalised an settlement to accumulate 100% of the shares of Autocare Providers from LINX Cargo Care Group.
The acquisition, valued at AUD$44 million (£22.77 million) for 75,505 shares, follows Optimus Group’s acquisition of the Autopact vendor group.
Autocare Providers, a major participant in Australia’s built-in automotive logistics for over six many years, supplies end-to-end options to the automotive trade encompassing car transport, storage, processing, quarantine, cleansing, compliance, freight forwarding, customs broking, new car pre-delivery, accent fitments, and numerous vendor providers.
Autocare Providers has been a key participant in delivering automobiles to dealerships throughout Australia, recognisable by its distinctive pink and yellow automobile transporters and has a group of 600 workers.
The acquisition, a part of Optimus Group’s diversification technique, marks a major milestone as the corporate shifts its focus away from used automobile imports.
Inside Australia, Optimus Group holds a 30% stake within the used automobile retailer Ozcar, which boasts 20 websites, and a 60% stake in Blue Flag, a Melbourne-based automotive information providers enterprise.
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Moreover, Optimus has a 100% stake in Dolphin Transport, with a major market share within the used automobile commerce from Japan to Australia, dealing with 500 to 900 automobiles month-to-month. The corporate additionally holds a 30% stake in Automotive Empire, a warehouse-style used automobile operation on the Gold Coast, specialising in imports.
Moreover, Optimus Group not too long ago introduced the acquisition of a controlling curiosity in AutoTrader New Zealand, a digital on-line automotive gross sales platform. These strategic strikes spotlight Optimus Group’s dedication to diversification and enlargement inside the automotive trade.
Advisers on the acquisition had been Grant Thornton, led by Chris Dunne, Jared Grima, Ben Napier, Shoko Arakawa, and Sally Tempo.
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