Photo credit: Wallenius Wilhelmsen
Norway’s car carrier operator Wallenius Wilhelmsen has sealed a deal to sell Melbourne International RoRo & Auto Terminal (MIRRAT) for AUD 332.5m ($221.1m) to Australian Amalgamated Terminals, a wholly owned subsidiary of Qube Holdings Limited, Australia’s largest logistics provider.
The car carrier operator said on Monday it would still use the Melbourne International RoRo & Auto Terminal (MIRRAT) following its sale.
The deal is expected to close in the third quarter of 2024, subject to the satisfaction of certain conditions, including regulatory and contractual approvals.
Lasse Kristoffersen, president and chief executive at Wallenius Wilhelmsen, said: “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.”
“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 added.
The car carrier operator considers Australia as a critical market for shipping and logistics and therefore is looking opportunities to expand its global integrated logistics footprint.
