PT Asian Bulk Logistics (ABL Group) has announced the completion of its majority shareholding acquisition of the Engage Marine Group (Engage Marine Pty Ltd and its subsidiaries), an Australian provider of integrated maritime services. Completion follows the satisfaction of all conditions precedent under a Share Purchase Agreement (SPA), including execution of the relevant completion process and creation of a new shareholding partnership.
The transaction marks a significant milestone in ABL Group’s long-term growth strategy in Australia and plan to build an integrated logistics and infrastructure platform across the Asia-Pacific region. Engage Marine’s harbour and terminal towage, line boat and pilotage and vessel management capabilities extend ABL Group’s operational footprint and complement its existing rail freight, trans-shipment, and container businesses.
Engage Marine joins a growing Australian portfolio that ABL Group has assembled through a series of acquisitions: One Rail Australia, Transshipment Services Australia , and SCF Containers.
Ika Heru Beth Ari, the chair of Australian Global Infrastructure, said: “this acquisition represents another important milestone in ABL Group’s long-term growth strategy in Australia. Through Australian Global Infrastructure (AGI), our Australian holding company, we continue to strengthen an integrated infrastructure platform spanning rail, trans-shipment, containers, and marine services. Bringing Engage Marine into our portfolio marks a defining moment for ABL Group. By uniting Engage Marine’s premium port towage and marine services with our existing operations across TSA, SCF, and One Rail Australia, we are realising our blueprint for an interconnected, end-to-end global supply chain. An achievement of this scale would not have been possible without the support of our strategic partners. On behalf of the Board, I want to express our deepest gratitude and appreciation to QIC, Balmain, PEP Credit, Bank Exim (LPEI), Indies Capital, and SMG Capital. Their unwavering confidence, strategic support, and financial partnership were instrumental in executing and bringing this landmark transaction to a successful completion. As a partner, we look forward to supporting Engage Marine’s continued operational excellence as we collaborate to deliver innovative and sustainable marine infrastructure solutions.”
Mark Malone, the CEO of Engage Marine, added: “This majority shareholding acquisition presents an exciting new chapter for Engage Marine, combining the strength of the ABL Group with the ongoing involvement of our existing business owners, management, and workforce which creates a strong partnership for continued development of the company. Joining forces with the ABL Group will protect our current services level with clients and support us in increasing our capabilities. This partnership allows us to further grow the business and delivers even greater value to our clients and partners who rely on us across Australia’s maritime sector. This transaction provides Engage Marine the opportunity to develop into a larger, more sustainable business and we look forward to contributing our expertise and experience as we work together to shape the next phase of ABL Group’s international growth.”
