Lindsay Australia Limited (ASX:LAU) agreed to acquire Srt Logistics Pty Ltd for approximately AUD 98.05 million on May 13, 2025. The Acquisition will be funded through drawdown of Lindsay?s existing debt facilities and issuance of new shares. A cash consideration of AUD 65.03 million will be paid by Lindsay Australia Limited following the assumption of Srt Logistics Pty Ltd?s debt. The consideration consists of 46.5 million common equity of Lindsay Australia Limited to be issued for common equity of Srt Logistics Pty Ltd. SRT CEO and major shareholder, Robert Miller, to be appointed as an Executive Director on the Lindsay Australia Board following completion of the acquisition
The expected completion of the transaction is June 30, 2025. Completion of the acquisition is subject to satisfaction of customary conditions precedent.
Ord Minnett Limited acted as financial advisor for Lindsay Australia Limited. David Ryan, Kelly Morrison, Sharon Zhang, Donna Kwon and Andrew Bell of DLA Piper Australia Pty Ltd acted as legal advisor for Lindsay Australia Limited.
Lindsay Australia Limited (ASX:LAU) completed the acquisition of Srt Logistics Pty Ltd on July 1, 2025.
Lindsay Australia Limited is an integrated transport, logistics and rural supply company. Its principal activities include transportation of refrigerated and general freight, logistics services associated with the import and export of horticultural goods and merchandising of rural supplies. Its segments include Transport, Rural, and Hunters. Transport segment is engaged in cartage and distribution of general and refrigerated products and ancillary sales. The Rural segment is engaged in the sale and distribution of a range of agricultural supply products. Hunters segment is engaged in the sale and distribution of a range of agricultural, home, timber, and hardware products. It offers specialist services to rural suppliers, with an emphasis on the horticultural industry. It is also involved in fumigation, ripening, quarantine, inspection, import and export services. It supplies a range of agricultural products, including packaging, fertilizers, chemicals, and irrigation equipment.
This super rating is the result of a weighted average of the rankings based on the following ratings: Valuation (Composite), EPS Revisions (4 months), and Visibility (Composite). We recommend that you carefully review the associated descriptions.
Investor
Investor
This super composite rating is the result of a weighted average of the rankings based on the following ratings: Fundamentals (Composite), Valuation (Composite), EPS Revisions (1 year), and Visibility (Composite). We recommend that you carefully review the associated descriptions.
Global
Global
This composite rating is the result of an average of the rankings based on the following ratings: Fundamentals (Composite), Valuation (Composite), Financial Estimates Revisions (Composite), Consensus (Composite) and Visibility (Composite). The company must be covered by at least 4 of these 5 ratings for the calculation to be carried out. We recommend that you carefully review the associated descriptions.
Quality
Quality
This composite rating is the result of an average of rankings based on the following ratings: Returns (Composite), Profitability (Composite) and Quality of Financial Reporting (Composite), and Financial Health (Composite). The company must be covered by at least 2 of these 3 ratings for the calculation to be performed. We recommend that you carefully read the associated descriptions.
ESG MSCI
ESG MSCI
The MSCI ESG score assesses a company’s environmental, social, and governance practices relative to its industry peers. Companies are rated from CCC (laggard) to AAA (leader). This rating helps investors incorporate sustainability risks and opportunities into their investment decisions.
