Aurizon has completed the acquisition of One Rail Australia (ORA) for AUS$2.35 billion.
The acquisition includes two distinct businesses:
In October 2021, Aurizon announced it had signed an agreement with Macquarie Asset Management to acquire ORA. The last of the conditions precedent was finalised on 14 July 2022 with the ACCC decision not to oppose the acquisition.
“The One Rail acquisition is aligned with Aurizon’s growth strategy and provides the platform to expand into new markets and geographies,” said Andrew Harding, Aurizon Managing Director & CEO.
“One Rail is a leading provider of intermodal and bulk freight in South Australia and the Northern Territory. In addition, it includes the 2200 km Tarcoola-to-Darwin railway line, connecting regions rich in resources and agricultural commodities with Darwin, the closest port to Asia.”
“The One Rail acquisition will be transformative for Aurizon, delivering the scope and scale with new customers, new regions and greater exposure to new economy commodities such as copper, manganese and rare earths.”
