News Review: BAE Systems buys Tenix Toll Defence Logistics | ADM Mar 2009

1 March 2009

BAE Systems has completed its purchase of the former Tenix defence businesses by acquiring Tenix Toll Defence Logistics Pty Limited (TTDL), formerly a joint venture by Tenix and Toll Holdings Limited, for $24 million.

TTDL manages the $1 billion Defence Integrated Distribution System (DIDS) contract which provides warehousing, maintenance and distribution services to the Australian Defence Force (ADF).

TTDL has approximately 1,000 employees deployed across more than 20 sites and will be integrated into BAE Systems Australia's Land Business Unit.

The acquisition takes BAE Systems Australia's payroll to more than 6,500.

Jim McDowell, Chief Executive of BAE Systems Australia, said, "The acquisition of TTDL adds great value to our company and what we offer our major customer.

"The DIDS contract provides a strong basis on which BAE Systems can work with the ADF to improve the effectiveness and efficiency of its logistics services."