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Indiaexportnews.com

Toll to acquire Perkins Shipping

  17.06.2009    

Toll Group, the Asian region’s leading provider of integrated logistics services, has reached
agreement for the purchase of 100% of the shares in Perkins Group Holdings Pty Limited, the
parent of the Perkins Shipping Group. The conditions for the transaction include competition
clearance.
The Toll Group generated revenue in excess of A$5.6 billion for the year ending June 2008 and
employs 30,000 people in more than 50 countries around the world.
The Perkins Group provides shipping, integrated freight services, land haul services and general
freight services. Services offered by Perkins Shipping include international shipping between
Darwin and Singapore via Timor Leste and coastal shipping throughout northern Australia.
“The increasing importance of south-east Asian trade to northern Australia reinforces the future
prospects for organic growth of the Perkins’ international shipping services linking Australia and
Asia.
“The Toll Group’s internationally integrated service offering is already benefiting our Asian and
Australian customers. With its potential for future regional growth we are confident our customers
will find Perkins’ Shipping a valuable addition to the Toll Group,” said Mr Paul Little, Managing
Director of the Toll Group.
The acquisition is forecast to be EPS accretive in year one and will be funded out of existing
facilities.
“Toll’s strong balance sheet and the Group’s exceptional existing businesses continue to provide
the funding capacity and platform to acquire quality assets like Perkins Shipping despite current
difficult economic times,” Mr Little concluded.


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