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Qube makes multi-million dollar acquisition


Logistics operator Qube has announced it has entered into an agreement to acquire Melbourne International RoRo & Automotive Terminal (MIRRAT) for roughly $332.5 million.

As a leading provider of integrated import and export logistics services in Australia, Qube, through its wholly owned subsidiary Australian Amalgamated Terminals (AAT) has acquired MIRRAT from Wallenius Wilhelmsen.

MIRRAT is the only dedicated roll-on, roll-off terminal servicing the Victorian market, with the 35 hectare space featuring three berths, a 120 tonne gantry crane, 8000 sqm of undercover storage and two quarantine wash bays.

The automotive volumes are serviced by 14,500 open-air car slots on site and the business is expected to continue benefiting from growing imported car volumes.

MIRRAT operates similarly to AAT’s other terminals in NSW’s Port Kembla and Fisherman Island in Queensland.

“As the only dedicated roll-on, roll-off terminal servicing the Victorian market, MIRRAT plays a critical role in the Victorian and national economy,” Qube managing director Paul Digney says.

“As a leading Australian logistics provider, Qube is delighted to acquire this high-quality asset, which plays a critical role in efficient import and export automotive supply chains. This is a business Qube knows well, recognising that MIRRAT shares a common underlying customer base with AAT.”

AAT managing director Antony Perkins says the MIRRAT team is looking forward to working with Qube.

Qube is intending to rebrand the MIRRAT business to the AAT brand following the acquisition’s completion, with the acquisition conditional on the Port of Melbourne and ACCC approving of it.

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