In a move to bolster its presence in the Australian automotive logistics sector, The Optimus Group, a global automotive investment company listed on the Tokyo Stock Exchange, has finalised an agreement to acquire 100% of the shares of Autocare Services from LINX Cargo Care Group.
The purchase, valued at AUD$44 million (£22.77 million) for 75,505 shares, follows Optimus Group’s acquisition of the Autopact dealer group.
Autocare Services, a significant player in Australia’s integrated automotive logistics for over six decades, provides end-to-end solutions to the automotive industry encompassing vehicle transport, storage, processing, quarantine, cleaning, compliance, freight forwarding, customs broking, new vehicle pre-delivery, accessory fitments, and various dealer services.
Autocare Services has been a key player in delivering vehicles to dealerships across Australia, recognisable by its distinctive red and yellow car transporters and has a team of 600 employees.
The acquisition, part of Optimus Group’s diversification strategy, marks a significant milestone as the company shifts its focus away from used car imports.
Within Australia, Optimus Group holds a 30% stake in the used car retailer Ozcar, which boasts 20 sites, and a 60% stake in Blue Flag, a Melbourne-based automotive data services business.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below formBy GlobalData
Additionally, Optimus has a 100% stake in Dolphin Shipping, with a significant market share in the used car trade from Japan to Australia, handling 500 to 900 cars monthly. The company also holds a 30% stake in Car Empire, a warehouse-style used car operation on the Gold Coast, specialising in imports.
Furthermore, Optimus Group recently announced the acquisition of a controlling interest in AutoTrader New Zealand, a digital online automotive sales platform. These strategic moves highlight Optimus Group’s commitment to diversification and expansion within the automotive industry.
Advisers on the acquisition were Grant Thornton, led by Chris Dunne, Jared Grima, Ben Napier, Shoko Arakawa, and Sally Pace.
Our signals coverage is powered by GlobalData’s Thematic Engine, which tags millions of data items across six alternative datasets — patents, jobs, deals, company filings, social media mentions and news — to themes, sectors and companies. These signals enhance our predictive capabilities, helping us to identify the most disruptive threats across each of the sectors we cover and the companies best placed to succeed.