Wallenius Wilhelmsen sells Melbourne International RoRo & Auto Terminal  

Wallenius Wilhelmsen has entered into a definitive agreement to sell Melbourne International RoRo & Auto Terminal Pty Ltd (MIRRAT) for AUD 332.5 million to Australian Amalgamated Terminals Pty Ltd, a wholly owned subsidiary of Qube Holdings Limited, Australia’s largest logistics provider.

Wallenius Wilhelmsen will continue to utilize MIRRAT following the transaction, ensuring services to its customers will not be impacted by the sale. “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,” says Lasse Kristoffersen, President, and CEO at Wallenius Wilhelmsen.

“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 adds.

Wallenius Wilhelmsen remains firm in its commitment to Australia as a critical market for shipping and logistics customers and is continuously looking for opportunities to expand its global integrated logistics offering.

Closing of the transaction is expected in Q3 2024 subject to the satisfaction of certain conditions including regulatory and contractual approvals. Additional information will be provided on closing of the transaction.

Wallenius Wilhelmsen was advised by BofA Securities.