LOGISTICS company Qube Holdings has announced the acquisition of mining and industrial services company LCR.
Qube chief operating officer Paul Digney said the acquisition was significant as it provided the ability to deliver enhanced broad spectrum mining and industrial services to existing and future customers.
“LCR is well known for providing innovative lift and shift materials handling solutions across Australia and PNG,” Mr Digney said.
LCR chief executive and managing director Col Partington said they would continue to operate under the support umbrella of Qube, driving their collective goal to increase our presence and customer focus in Australia and internationally.
“I am very excited for the staff and customers of LCR; Qube offers a great opportunity for all parties to be part of a growing national logistics business,” he said.
The Qube Group is made up of five business units including ports, bulk, logistics, infrastructure and property, and strategic assets.
LCR is a specialist provider of outsourced industrial logistics services, operating across mining, heavy transport, mobile crane and renewable energy industries including oil and gas.
“Qube is committed to developing strong business units that deliver value for our customer base,” Mr Digney said.
“I am delighted to welcome all LCR staff and management to Qube and l look forward to seeing the expanded service offering benefiting the combined customer base.” According to a joint statement, the initial focus of the combined business is to work with management to maintain service levels and deliver upon opportunities.