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Toll Holdings Limited (TOL) announced last night it would acquire express business DPEX Group from Qantas Airways Limited (QAN). The company said the acquisition of the DPEX business is an example of its growth strategy for the Toll Global Express Division. Toll said DPEX would provide additional scale and coverage across a network of 19 countries in Asia. The company said the acquisition would provide over $30 million in revenue and is expected to be EPS accretive in year one. Meanwhile, Toll said trading conditions have recently softened across some parts of the business in Australia and continue to be challenging in New Zealand. The company said lower customer volumes are having an impact on the non-express parts of the business in particular, however this has been offset by stronger trading performances from the Toll Global Logistics and Toll Global Resources businesses.

Downer EDI Limited (DOW) said it has signed a five-year Maintenance Alliance Agreement with VicRoads valued at $125 million, to perform road maintenance and deliver routine, periodic and minor improvements to the road network in Victoria’s North East. The main activities for the Alliance team include routine maintenance, emergency response, snow clearing, road surfacing works, minor rehabilitation and upgrades and roadside management along more than 3000 kilometres of roads. Downer said the Alliance would commence on 1 July 2010.

Duet Group (DUE) said it has commenced a process for the sale of its investment in DQE Holdings LLC (Duquesne). The company said it expects to finalise the sale process during the current calendar year. Duet said completion of the proposed sale would provide it with a simplified asset portfolio structure with the available proceeds to finance growth opportunities and/or capital management initiatives.

Centro MCS Manager Limited as responsible entity for Centro Retail Trust and Centro Retail Limited (CER) would not be paying a distribution to ordinary security holders for the year ending 30 June 2010, the company said.

Industrea Limited (IDL) said its Advanced Mining Technologies (“AMT”) and Huddy’s Mining Services divisions have been awarded more than $16 million of new contracts between them. The mining products and services provider said AMT has signed a $2 million contract with BHP Billiton for its Hotazel mine in South Africa for AMT’s collision avoidance system CAS-CAM/RF. AMT has also signed a contract for the initial supply of CAS-CAM/RF equipment to another new customer in the region. Industrea said Shanxi Asian American Daning Energy Corporation and Jincheng Anthracite Mining Group have placed new orders with Industrea’s China-based subsidiary Wadam Industries. The company said Huddy’s recently won a new contract with Xstrata subsidiary, Ernest Henry Mining for its Tailings Storage Facility Earthworks in Mt Isa for approximately $3.4 million.

WDS Limited (WDS) said its Energy and Infrastructure (Construction) Division has been awarded a contract by APA Group (APA) for the construction of the Young to Wagga Wagga Pipeline looping project. WDS said the 61 kilometre, 450mm diameter pipeline project is anticipated to commence in early June and generate revenue that supports the current guidance.

Mirvac Group (MGR) reaffirmed its operating earnings guidance for FY10 of 9.2c per share. The property development and investment group said strong residential sales activity has resulted in $800.4 million in pre-sales, as at 27 May 2010, a 16% increase on 31 December 2009. Mirvac said it continues to see strong demand for its residential offerings across Australia from second and third homebuyers as well as investors. The group said its approach to the fast tracking of residential projects continues to capture this demand, boosting its pre-sales levels, thereby de-risking the Development Division’s future income.

Super Cheap Auto Group Limited (SUL) said it successfully completed the acquisition of Ray’s Outdoors last night. The company said following stock counts of all Ray’s Outdoors stores and its distribution centre, the final consideration for the business was agreed at $53 million. Super Cheap also announced Sally Pitkin would be replacing Darryl McDonough as Non-Executive Director following Mr McDonough’s retirement.

GWA International Limited (GWT) said this morning that it would off-loaded its European sanitaryware subsidiary Wisa Beheer in a management buy-out. GWA said it would receive around $17 million for the company. GWA said the Wisa Beheer had limited growth prospects and was more suited to local ownership. The discontinued operations would appear on books as a $3.5 million post-tax loss, GWA said.

Newsat Limited (NWT), a provider of satellite broadband & communication services and equipment and the importation, wholesale and distribution of technology products, shares soared Monday after the company posted its eighth consecutive quarter of sales growth. As at the end of the April 2010 quarter, NewSat’s monthly financial revenue earned has grown almost 70% since the beginning of the 2008/2009 financial year, the company said.

CVC Limited (CVC) said its forecast NPAT for FY10 would be a material improvement on the previous year. The company forecast a profit in the range of $15 – $20 million. CVC said this profit would be substantially attributable to write-backs of previously impaired investments and a profit of $9 million resulting from the realisation of a majority of the long-term investment in Sunland Group Limited, which has previously been recognised in reserves.

Wattyl Limited (WYL) upgraded its EBIT guidance for FY10 from the previously advised $12-13 million to $14-15 million. The company despite the Architectural and Decorative paint market remaining subdued, it has been successful in achieving revenue and margin growth as well as continuing to benefit from the cost management program undertaken.

GWA International Limited (GWT) said this morning that it would off-loaded its European sanitaryware subsidiary Wisa Beheer in a management buy-out. GWA said it would receive around $17 million for the company. GWA said the Wisa Beheer had limited growth prospects and was more suited to local ownership. The discontinued operations would appear on books as a $3.5 million post-tax loss, GWA said.

Swick Mining Services Limited (SWK) revised its revenue downwards from $105 million to $97 million for FY10 after the second half of the year was impacted by weather delays and client delays. The company said in particular, the surface divisions were significantly impacted by an extended period of wet weather in the Northern Territory, parts of Queensland and to a lesser extent the Pilbara region of Western Australia, pushing out program start dates. The company said this was underpinned by an on-going recovery in Australian drilling demand that was driving increased fleet utilisation.

Swick Mining Services Limited (SWK) revised its revenue downwards from $105 million to $97 million for FY10 after the second half of the year was impacted by weather delays and client delays. The company said in particular, the surface divisions were significantly impacted by an extended period of wet weather in the Northern Territory, parts of Queensland and to a lesser extent the Pilbara region of Western Australia, pushing out program start dates. The company said this was underpinned by an on-going recovery in Australian drilling demand that was driving increased fleet utilisation.