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 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  

 

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