Auriga Group – Acquires Darwin Tug and Line Service (DTLS) and resets long-term growth plan.
Auriga Group is pleased to announce that it completed the acquisition of Darwin Tug and Line Service today, Wednesday the 11th of December. Auriga entered into a sale and purchase agreement with DTLS in November and has achieved all the regulatory approval hurdles for the transaction to be approved and completed by the ACCC and FIRB.
DTLS has adjacent operations in the NT, which complement Auriga Marines’ business operations across Northern Australia. This new combined service offering will enable Auriga Group to provide more streamlined and comprehensive Marine Service Solutions for our clients, with four additional tugs and multiple workboats to support our various clients’ activities nationally.
All current staff will remain with the business to support ongoing operations and growth opportunities.
The Auriga Group Board has reset the company’s long-term outlook and growth strategy. The principal Share Holder representative from OP Trust, Senior Managing Director Mr Stan Kolnec and Auriga Group board member said, “Our investment outlook and commitment to continue growing Auriga Group has never been more focussed, and OP Trust will continue to support the Executive team’s strategic direction to accelerate growth both organically and through M&A for many years to come.”
