GREENWICH, Conn. — Genesee & Wyoming Inc. said it has signed an agreement to acquire the assets of FreightLink Pty Ltd, Asia Pacific Transport Pty Ltd and related corporate entities $277.2 million, plus the assumption of debt with a carrying value of $1.4 million.
In addition, GWI expects to incur transaction-related expenses of $19.1 million, principally related to the payment of stamp duty (an Australian asset transfer tax).
The acquisition of FreightLink is contingent upon customary closing conditions, including the receipt of certain governmental approvals. GWI expects to close the acquisition and to commence operations in the fourth quarter of 2010.
