16 May 2013
Details
Brenntag
has signed a purchase agreement to
acquire the distribution business of
Blue Sky Environment Pty Ltd (Blue Sky)
headquartered in Brisbane, Australia.
Blue Sky is active as
a distributor of AdBlue
with a national storage and dispensing network across Australia.
AdBlue
is a non-toxic and environmentally friendly solutions
that transforms harmful NOx emissions from
heavy duty diesel-power vehicles into
harmless water vapor and nitrogen.
The Australian AdBlue market is still at an early stage
as the Euro5 standard only became a requirement
about two years ago and
is expected to grow significantly in the next years.
Furthermore the upgrade of truck fleets to AdBlue
is expected to continue in the following years
due to the implementation of
Euro 6 Standard in Australia in 2014.
The product is operating fluid used with these vehicles
equipped with Selective Catalytic Reduction Technology
to comply with the Euro 5 and Euro6 emission standards.
For the financial year 2013, Blue Sky expects
* sales of AUD 5.6 million,
* gross profit of AUS 2.2 million,
* EBITDA of AUD 1.3 million.
The investments amount will be AUD 2.7 million.
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