SYDNEY: May 2019. Australian logistics company Qube Holdings has acquired the LCR Group, a specialist provider of outsourced industrial logistics services, for A$135 million.
LCR operates across mining, heavy transport, mobile crane and renewable energy industries including Oil and Gas.
Qube Holdings’ COO Paul Digney commented: “The acquisition of LCR is significant as it provides Qube the ability to deliver enhanced broad spectrum mining and industrial services to its existing and future customers. LCR is well known for providing innovative lift and shift materials handling solutions across Australia and PNG.”
Qube is a major provider of import and export logistics services and the acquisition is expected to provide additional geographical diversity and service capability.
Col Partington, LCR CEO added: “This alignment will continue under the support umbrella of Qube which will drive our collective goal to increase our presence and customer focus both in Australia and internationally. I am very excited for the staff and customers of LCR; Qube offers a great opportunity for all parties to be part of a growing national logistics business”.