Port of Auckland is selling its Nexus Logistics subsidiary to Qube Holdings.
Nexus Logistics provides integrated container logistics solutions across New Zealand, including container transport and handling via rail and road, container storage, wharf cartage and port operations.
Qube has grown in the New Zealand market since its entry in 2017 and has further expanded across port-based and stand-alone facilities, providing customers with a range of container storage, handling, maintenance and transport services.
The terms of Nexus Logistics’ sale to Qube includes the Nexus business, brand, operating plant and equipment, while the port retains ownership of the site at Wiri which will be leased back to Nexus Logistics on a long-term lease.
Port of Auckland CEO, Roger Gray, expressed his excitement for Qube’s industry experience and presence to bolster the Nexus brand.
“With Qube taking ownership, their capability, reach and scale will help propel Nexus to the next level,” he said.
“To ensure continuity and long-term value for our stakeholders, the port has agreed a long-term strategic partnership with Nexus under Qube’s ownership as a part of the sale.”
Qube Director of Logistics and Infrastructure, John Digney, similarly looks forward to absorbing the Nexus brand.
“The acquisition of Nexus further enhances Qube’s NZ portfolio and will support the expansion of Qube’s container logistics offering in Auckland, supported by a long-term lease at the South Auckland Freight Hub,” he said.
“We’re delighted to welcome the Nexus team at Qube and look forward to working with them and the Port of Auckland to continue delivering excellent customer service.”
Completion of this transaction is subject to customary closing conditions and is anticipated to occur on or around 1 December 2025, followed by the separation of Nexus Logistics from the Port of Auckland.
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