Latest Logistics Sector News

Silk Logistics shareholders have decisively approved the acquisition by DP World Australia, marking a pivotal step toward the deal’s completion pending final court approval.

Silk Logistics Holdings shareholders overwhelmingly approved the $174.5 million acquisition by DP World Australia, endorsing a 45.6% premium cash offer. The deal now awaits final court approval to complete by mid-August.

NoviqTech Limited has expanded its sustainability technology footprint through key partnerships in hydrogen and battery recycling, secured a significant grant extension, and announced a $1.25 million capital raise to fuel growth.

Supply Network Limited has reported strong preliminary FY2025 results with a near $40 million profit and a notable increase in its final dividend, signaling confidence ahead of audited figures.

Boom Logistics announces CEO Ben Pieyre's resignation, with a transition period extending to December 2025 as the company begins its search for new leadership.

Silk Logistics Holdings has scheduled its shareholder meeting for August 1 to vote on the proposed $2.14 per share acquisition by DP World Australia, with an independent expert reaffirming the deal’s fairness.

DP World Australia has secured Foreign Investment Review Board approval to acquire 100% of Silk Logistics, clearing a major regulatory hurdle for the deal.

Locate Technologies has successfully raised $168,915 through its At-the-Market Facility, reinforcing its financial position as it continues to develop its delivery optimisation platforms.

The ACCC has approved DP World Australia’s acquisition of Silk Logistics, concluding it won’t significantly harm competition in container stevedoring and logistics services. The decision follows a thorough investigation into potential market impacts.

Silk Logistics Holdings and DP World Australia have agreed to push back the deadline for their acquisition deal, awaiting a key regulatory decision from the ACCC.

Wiseway Group Limited will seek retrospective shareholder approval for critical related party leases after ASX determines prior approvals were required. The company assures operations remain unaffected as it commissions an independent fairness report.

Silk Logistics Holdings has announced a court-ordered postponement of the Scheme Meeting for its acquisition by DP World Australia, delaying shareholder decisions and the acquisition timeline.