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Australian freight giant sells technology to Cargotec

Thursday, 26 Jul 2012 ( #575 ) - Melbourne, Victoria, Australia
Local News Story
Olli Isotalo, executive vice president, Terminals, Cargotec.
Australia's largest national rail freight and ports operator, Asciano, has sold its automation technology and competence to global cargo expert Cargotec.

The transaction, completed early July, includes the acquisition of Asciano's automation technology assets and transfer of 23 employees. The parties have agreed not to disclose the value of the deal.

"This acquisition supports Cargotec's strategy to strengthen our position as a provider of integrated solutions," says Olli Isotalo, executive vice president, Terminals, Cargotec.  

He says the addition of Asciano's automation technology will enable the company to deliver turnkey solutions for horizontal transportation and yard stacking in automation projects globally.

Asciano's container terminals will continue to receive maintenance and operational support from Cargotec.
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