March 12 - Toll Group has acquired mining and industrial services provider ODT Australis.
The acquisition, which will become effective in April, is expected to generate annual revenue of approximately AUD24 million (USD184 million).
ODT supplies industrial services and logistics support to BHP Billiton's Olympic Dam mine in Roxby Downs, South Australia, and also has other contracts across the state.
Toll Resources & Government Logistics ceo David Jackson said that the acquisition will boost Toll's on-site logistics capabilities in the resources sector.
Approximately 110 employees will be transferred to Toll in April, with five employees remaining with ODT to run its pastoral management operations, which are not part of the sale, at Andamooka, Purple Downs, Roxby Downs and Stuart Creek.