Latest news from Heavy Lift & Project Forwarding International Magazine

Boom Logistics issues ststement on takeover rumours

June 11 - In Australia, Boom Logistics has issued a formal statement in response to rumours of a takeover bid from special transport, lifting and services group McAleese Transport and Archer Capital.

Earlier this week, investment firm Archer Capital told the Australian stock exchange that its associate McAleese had acquired a subtantial interest in Boom, of 10.468 percent of the company, or 48.2m shares.

Following an article online in the Australian Financial Review that the company had made a bid for Boom, at AUD0.52 a share, Boom's shares increased in value.

But Boom's announcement says that it has not received any proposal from either McAleese or Archer since the substantial holding announcement. It confirmed, however, that it had 'received a highly conditional, confidential and incomplete proposal from Archer to acquire Boom... at an indicative price of AUD0.52'.

Boom's statement said that its management were 'in the process of quantifying the impacts of the improved operating environment and contract wins on the expected financial performance of the group'. Boom advised shareholders to take no action at this stage.

Heavy Lift | News

Jan De Nul secures Kriegers Flak work thumbnail image

Jan De Nul secures Kriegers Flak work

August 16 - Jan De Nul Group will transport and install 72 Siemens wind turbine generators – with a capacity of 8.4 MW each – for the Kriegers Flak offshore wind farm in Denmark.
Views: 565
Pretty in pink for TGP thumbnail image

Pretty in pink for TGP

August 16 - Trans Global Projects Group (TGP) has delivered 62 modules to a mining site near Newman, Australia.
Views: 511
Trams roll to Mauritius thumbnail image

Trams roll to Mauritius

August 16 - Höegh Autoliners has transported 18 light rail vehicles (LRV) from Spain to Mauritius on its ro-ro vessel Höegh Antwerp.
Views: 525

Heavy Lift Across The World

Discover heavy lift and project logistics industry news from around the world by region.