Acquisition

RNS Number : 5805K
BAE SYSTEMS PLC
22 December 2008
 



  


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 Limitedformerly 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  

  

 


This information is provided by RNS
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