Strait Link Confirms Sale to Igneo
Strait Link confirms the completion of its sale to Igneo Infrastructure Partners, the global infrastructure investor that manages $35 billion in assets across the UK, Europe, North America, Australia and New Zealand.
Photo credit: Strait Link
Strait Link Shipping Pty Ltd (Strait Link) today confirmed its completion of sale to global infrastructure investor Igneo Infrastructure Partners (“Igneo”), marking a significant milestone for the Bass Strait shipping and logistics provider.
Strait Link plays a critical role in linking Tasmania with mainland Australia, supporting local industries and enabling businesses to access markets beyond the island. Chief Executive Officer Geoff Gruebner said the new ownership provides strong backing for a business that is central to Tasmania’s supply chain.
“Strait Link keeps Tasmanian businesses connected to mainland and global markets, and supports the industries that rely on that link,” Mr Gruebner said.
“Our vessels, terminals and logistics teams work together to deliver an integrated service that helps Tasmanian enterprise operate with confidence.
“Igneo has an international track record of investing in critical community infrastructure, aligning closely with the role Strait Link plays in Tasmania’s freight network and its future opportunities.
“We are excited by the completion of this transaction, and our people and partners are looking forward to continuing the delivery of safe and reliable services across Bass Strait for our customers.”
Danny Latham, Partner and Head of Igneo Infrastructure Partners Australia & New Zealand, said Strait Link represents an infrastructure business that is fundamental to Tasmania’s economy.
“Our investment in Strait Link reflects a commitment to supporting resilient, high-quality infrastructure assets,” Mr Latham said.
“Strait Link is essential to Tasmania’s supply chains and economy. We look forward to partnering with the team to strengthen the services that industries, communities and customers rely on every day.”
Mr Gruebner added that Strait Link remains focused on the continued growth of the business and its good corporate citizenship in Tasmania.
“With the competency and commitment of our people and operations, we are well positioned to continue delivering for the businesses and communities that we are privileged to serve.”