Asciano Limited - Predecessors

Predecessors

Asciano’s presence in the ports and rail sector has developed from Toll Holdings initial collection of regional port facility management and stevedoring businesses into an extensive network of general port and stevedoring operations and nationwide freight rail businesses. Its first major port facility investment was the purchase of the operating rights to the Port of Geelong (together with a 30% investment in the ownership vehicle) in 1997. With the acquisition of the privately owned Strang Stevedoring business in 2001, stevedoring services were extended to include Portland, Melbourne (general and automotive import and exports) and Newcastle.

In 2002, the acquisition of BHP Stevedoring added operations in Port Kembla and Western Port in Australia and Tauranga, Napier and Lyttelton ports in New Zealand. Further stevedoring acquisitions from 2003 to 2005 in New Zealand and Australia strengthened the stevedoring business.

Toll entered into the rail industry in 1996 with the establishment of Toll Rail and then in 2002 acquired National Rail Corporation and FreightCorp to form Pacific National as a joint venture between Toll and Patrick Corporation. Pacific National is now one of Australia’s leading rail freight operators.

In 2006 Toll acquired Patrick Corporation, gaining ownership of Patrick Corporation’s Container Terminal operations, PortLink and Port Services businesses, and extensive general stevedoring operations, along with the remaining 50% of Pacific National.

The $8 billion transport infrastructure assets and operations acquired by Toll Holding’s over the past decade are now owned and controlled by Asciano Limited.