M&A Deal Summary

EAC Invest Acquires Wridgways Australia

On December 15, 2010, EAC Invest acquired transportation company Wridgways Australia for 64M EUR

Acquisition Highlights
  • This is EAC Invest’s 1st transaction in the Transportation sector.
  • This is EAC Invest’s largest (disclosed) transaction.
  • This is EAC Invest’s 1st transaction in Australia.

M&A Deal Summary
Date 2010-12-15
Target Wridgways Australia
Sector Transportation
Buyer(s) EAC Invest
Deal Type Add-on Acquisition
Deal Value 64M EUR

Target

Wridgways Australia

Dandenong South, Australia
website
Wridgways Australia Ltd. is a moving and relocation company. Wridgways has built a strong reputation for setting international benchmarks in household and commercial relocations and manages removals throughout Australia for a large number of domestic, corporate and government organisations, offering comprehensive solutions in the fields packaging, storage and removal.

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Buyer(S) 1

Buyer

EAC Invest

Copenhagen, Denmark

website

Category Company
Founded 1897
Sector Business Services
Employees1
Revenue 2M DKK (2020)
DESCRIPTION

EAC Invest provides a full range of mobility services for multinational companies and other organisations handling around 60,000 international relocations and around 15,000 domestic relocations (predominantly in Australia) per year, based on own operations in 44 countries and a network of agents. Santa Fe’s ambition is to make it easy for companies and people to live and work freely and flexibly around the world. Company serve individual customers relocating without the support of an employer. The service offering covers the entire relocation journey from Immigration Services to obtain work and resident permits through the physical packing- and moving of household goods to a comprehensive range of value-added relocation and destination services to ensure the relocating family settles in best possible in their new home. EAC Invest was founded in 1897 and is based in Copenhagen, Denmark.

DEAL STATS #
Overall 4 of 5
Sector (Transportation) 1 of 2
Type (Add-on Acquisition) 4 of 5
Country (Australia) 1 of 1
Year (2010) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-11-20 IR Moving Concepts Pvt.

New Delhi, India

IR Moving Concepts Pvt. Ltd. is a provider of international and domestic moving and value-added services to relocated employees in international corporations and institutions.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-08-01 Interdean Holdings

United Kingdom

Interdean Holdings Limited is Europe’s leading relocation services company. Interdean offers relocation and move management from at total of 48 offices.

Buy -
Mergr

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