22nd Dec 2008 10:06
BAE SYSTEMS PLC
22 December 2008
BAE Systems completes acquisition of Tenix Toll Defence Logistics.
BAE Systems has completed its acquisition from Tenix Pty Limited ("Tenix") of the whole of the issued share capital of Tenix Toll Defence Logistics Pty Limited, formerly a joint venture company of Tenix and Toll Holdings Limited, for A$24 million in cash, after receiving all required approvals.
Tenix Toll Defence Logistics manages the Defence Integrated Distribution System contract which provides warehousing, maintenance and distribution services to the Australian Defence Force.
Tenix Toll Defence Logistics will be integrated within the BAE Systems Australia Land Business Unit.
Issued by:
BAE Systems plc
London
Related Shares:
BAE Systems