Add-on Acquisition • Retail

Wesfarmers Acquires Coles Group

On November 23, 2007, Wesfarmers acquired retailer Coles Group

Acquisition Context
  • This is Wesfarmers’ 1st transaction in the Retail sector.
  • This is Wesfarmers’ 3rd transaction in Australia.

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M&A Deal Summary

Date November 23, 2007
Target Coles Group
Sector Retail
Buyer(s) Wesfarmers
Deal Type Add-on Acquisition

Target Company

Coles Group

Tooronga, Australia
Coles is a retailer, with businesses in supermarkets, general merchandise, liquor, fuel and convenience, and office supplies.
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Buyer Overview 1

Buyer

Wesfarmers

Perth, Australia

Category Company
Founded 1914
Sector Diversified
Employees118,000
Revenue 45.6B AUD (2025)
DESCRIPTION

Wesfarmers is a diversified Australian holdings company. Wesfarmers' business segments include supermarkets, department stores, home improvement and office supplies; coal production and export; chemicals, energy and fertilisers; and industrial and safety products. Wesfarmers was founded in 1914 and is based in Perth, Australia.


Deal Context for Buyer #
Overall 3 of 7
Sector: Retail 1 of 2
Type: Add-on Acquisition 2 of 3
Country: Australia 3 of 6
Year: 2007 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-02-01 Linde Gas Pty

Yennora, Australia

Linde Gas Pty is an industrial, medical, and specialty gas company, produces and supplies gases.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-12-16 Wesfarmers Premier Coal

Collie, Australia

Wesfarmers Premier Coal Limited operates an open and underground cut coal mine in Western Australia.

Sell $297M

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