Completion of Acquisition of Coal Link Australia Pty Ltd
May 25, 2009
Further to its ASX release dated the 24th April 2009, QMASTOR Limited (ASX:QML) advises
that it has completed the acquisition of Coal Link Australia Pty Ltd (CLA).
CLA will now trade under the new name of QML Services.
QML Services provides bulk logistics management services. The use of QML Services
eliminates the need for the day to day interface with service providers and statutory
regulators for producers, shippers and traders.
The existing business has gained a reputation for integrity and superior supply chain
management. QML Services’ wealth of experience in logistics management will add to
QMASTOR’s technologies by guiding product development roadmaps and enhancing key
features of the systems particularly around port and shipping management.
The acquisition is expected to be earnings per share positive. The acquisition multiple for the
CLA acquistion is expected to be 3.5 times EBIT. The cash component of the acquisition will
be funded from a new debt facility. Based on the target revenues, QMASTOR expects to issue
a minimum 3,275,000 shares. This will represent 7.5% of the new total issued capital (8.1%
of exisiting issued capital).
Trent Bagnall Managing Director of QMASTOR said “QML Services is a profitable niche
company in the bulk logistics space. The acquisition will add significant value for QMASTOR
shareholders and delivers on the promise of acquiring profitable companies that are
synergistic and accretive to EPS.
We expect to leverage the success of the business in the Hunter Valley coal chain and pursue opportunities in similar bulk commodity supply chains across Australia, as well as
international opportunities as they arise.”
For further information please visit www.qmlservices.com
About QML Services
QML Services is a respected independent provider of bulk logistics management services for
more than a dozen leading coal suppliers and traders in Australia.
The company provides logistics services and acts as a shipping documentation bureau for
leading commodity suppliers and traders, eliminating the need for the day to day interface
with service providers and statutory regulators for producers, shippers and exporters.
QML services currently manage in excess of 20 million tonnes of bulk commodities annually.
About QMASTOR Limited
QMASTOR Limited (ASX: QML) is a market leader in the provision of specialist management
information systems and services to the global mining, port, power generation and other bulk
commodity industries. QMASTOR has pioneered innovative solutions to empower clients to
improve their operations and maximise profit through the efficient use of resources across the supply chain.
For further information contact:
Trent Bagnall – Managing Director
Phone: +61 2 4908 2222
Email: tbagnall@qmastor.com
Web: www.qmastor.com