Ampol has completed its formal acquisition of EG Australia.
The purchase marks a significant step forward in strengthening Ampol’s position as a leading Australian transport energy provider, the petroleum giant said.
Ampol is now well-placed to leverage its position as a known and trusted brand to approximately 1,100 company-owned and operated sites nationally, the company said.
The acquisition will provide customers with greater choice through the expansion of the Ampol Foodary convenience retail network, accelerated roll out of the value-oriented U-GO format, while providing Ampol greater flexibility to tailor its offering by location and expand the Woolworths Everyday Rewards program.
Ampol’s pay-at-the-pump U-GO is currently available in every Australian state, and the network will increase from 46 sites to 170 over the next two years.
CEO and Managing Director, Matt Halliday, reiterated the acquisition was a logical and strategically aligned growth opportunity for Ampol given the longstanding brand licensing and fuel supply relationship with EG Australia.
“As an Australian-owned company that’s been keeping Australians moving for over 100 years, we understand our customers and what matters to them,” Halliday said.
“A larger, combined network of 1,100 sites will provide us the opportunity to better serve and tailor to the needs of more Australians – from on-the-go sustenance at Ampol Foodary; to quality fuel at great value through our U-GO offering.
“This greater footprint will also provide a vital opportunity to install AmpCharge public charging infrastructure across more forecourts, in lockstep with the uptake of electric vehicles.”
Ampol will divest 41 sites as part of the ACCC approval. The ACCC has approved Dib Group (trading as Metro Petroleum) as the purchaser of these sites following a competitive process.
In other news, Mainfreight unveils its new transport hub in Brisbane’s outer south.
