Copy Tracking Code

Prime Mover Magazine


WWL and Prixcar in deal for land-based business in Australia

Shipping company, Wallenius Wilhelmsen Logistics (WWL), will sell its inland transportation and technical service business in Australia to Australian vehicle storage and transportation company, Prixcar, in exchange for a 20 per cent ownership share in Prixcar.

WWL will reportedly remain an active participant in the market through board representation and close cooperation with Prixcar.

Prixcar provides finished vehicle logistic services in Australia with a nationwide footprint. Its primary focus is inland transportation and technical services for the auto segment, complementing WWL’s focus on the heavy truck, rolling equipment and machinery segment. The joint business is expected to have an annual turnover in excess of $250 million and a team of over 1,000.

“This transaction and our new partnership with the Prixcar Group will increase the scale and geographic reach of our land-based activities in Australia, providing our customers with an enhanced product,” said WWL President and CEO, Craig Jasienski.

Alan Miles, Chairman, Prixcar Services, added, “The joining of these two companies – both sharing similar values with a strong focus on safety, people, innovation, environment, and our customers – will assist in enabling the group to further expand its ability in creating value for its employees, customers and business partners, offering an expanded range of both services and locations.”

The transaction is subject to regulatory approvals in Australia, and expected to close in Q1 2018.

The transaction does not include WWL’s Terminal business, for example the Melbourne International Ro-Ro Automotive Terminal (MIRRAT).

Featured Article

  • AHG: The sleeping giant

    AHG: The sleeping giant

    WA’s Automotive Holdings Group has long been considered a sleeping giant in the refrigerated transport scene, but with increasing activity in the M&A space and a new divisional CEO, it may not be able to keep a low profile for long.

    Read Story

  • advertisement
  • Join CRT news on Linkedin!
  • Keep up to date on the latest news and developments in the commercial road transport industry. Sign up to CRT News today to receive a FREE weekly E-newsletter delivered straight to your inbox.


  • advertisement

© Copyright 2017 Prime Creative Media. All rights reserved.

Find us on Google+