Processing timeline
42
days
Acquirer(s)
PT Asian Bulk Logistics, Global Engage Marine Pty Ltd ACN - 693 762 122
Target(s) or Vendor(s)
ENGAGE MARINE FINCO PTY LTD ABN - 25 675 999 283, ENGAGE MARINE HOLDINGS PTY LTD ABN - 99 626 774 678, ENGAGE MARINE TOPCO PTY LTD ABN - 46 675 998 562
Other parties
Australian Global Onshore Logistics Pty Ltd ACN - 691 961 136, AUSTRALIAN GLOBAL MARINE AND LOGISTICS PTY LTD ABN - 68 682 427 587, MAGNETIC INFRASTRUCTURE GROUP PTY LTD ABN - 81 663 518 563, AUSTRALIAN GLOBAL INFRASTRUCTURE PTY LTD ABN - 47 663 347 948
PT Asian Bulk Logistics, via Global Engage Marine Pty Ltd, acquired Engage Marine TopCo Pty Ltd. This combines PT Asian Bulk Logistics' bulk cargo transhipment, rail freight, and container supply operations with Engage Marine's terminal and harbour towage services across Australia, strengthening marine logistics.
PT Asian Bulk Logistics, through its Australian subsidiary, Global Engage Marine Pty Ltd ( ABL ) proposes to acquire Engage Marine TopCo Pty Ltd ( Engage Marine ) (the Acquisition ). ABL operates three subsidiaries in Australia: Transhipment Services Australia, which provides bulk cargo transhipment services utilising floating barges to transfer materials, such as iron ore, directly between smaller ships or shallow terminals and larger ocean-going vessels in deepwater berths. One Rail Australia, a rail freight operator operating in NSW and central Queensland, specialising in transporting bulk commodities such as coal and minerals. SCF Containers, an Australian shipping container supplier offering a wide range of products for hire or sale, including shipping containers, site sheds, dangerous goods containers, tank and refrigerated containers, intermodal containers, trailers, and remote camps. Engage Marine provides terminal and harbour towage including the berthing and sailing of ocean-going vessels at ports across Australia. Engage Marine also provides ad-hoc towage emergency response solutions in salvage situations. Transhipment in this context refers to a logistics service concerned with getting a mined commodity from land to an ocean-going vessel.