BAE SYSTEMS COMPLETES ACQUISITION OF TENIX TOLL DEFENCE LOGISITICS
22 Dec 2008 | Ref. 301/2008
ADELAIDE, South Australia - BAE Systems has completed its acquisition from Tenix Pty Limited (“Tenix”) of 100% of Tenix Toll Defence Logistics Pty Limited (TTDL), formerly a joint venture company of Tenix and Toll Holdings Limited, for A$24 million in cash, after receiving all required approvals.
TTDL manages the Defence Integrated Distribution System (DIDS) contract which provides warehousing, maintenance and distribution services to the Australian Defence Force (ADF). TTDL has approximately 1,000 employees deployed across more than 20 sites and will be integrated within BAE Systems Australia’s Land Business Unit.
The acquisition expands BAE Systems Australia’s operations significantly and will take employee numbers in excess of 6,500.
Jim McDowell, Chief Executive of BAE Systems Australia, said, “The acquisition of TTDL adds great value to our company and what we offer our major customer.The DIDS contract provides a strong basis on which BAE Systems can work with the ADF to improve the effectiveness and efficiency of its logistics services.”
In June 2008 BAE Systems completed the acquisition of Tenix Defence. This acquisition significantly enhanced the depth and breadth of the company’s capabilities in Australia and made BAE Systems Australia the largest in-country supplier to the ADF.
About BAE Systems:
BAE Systems is the premier global defence and aerospace company delivering a full range of products and services for air, land and naval forces, as well as advanced electronics, information technology solutions and customer support services. With approximately 100,000 employees worldwide, BAE Systems' sales exceeded £15.7 billion (US $31.4 billion) in 2007.
For further information contact:
Simon Latimer, BAE Systems Australia
Tel: +61 (0) 8 8480 8759, Mob: +61 (0) 401 674 110
simon.latimer@baesystems.com
Lindsay Walls, BAE Systems plc
Tel: +44 (0) 1252 383074
24 hr media hotline: +44 (0) 7801 717739
lindsay.walls@baesystems.com
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