Port of Auckland Limited is sharpening its focus on core operations by selling its Nexus Logistics subsidiary to Qube Holdings to continue delivering value for Auckland.
Port of Auckland CEO Roger Gray, stated that this sale occurs at the right time for both the Port of Auckland and Nexus, with the team led by Darcy Hart delivering strong momentum, commercial results, and customer-centric solutions.
To ensure continuity and long-term value for the stakeholders, the port has agreed to a long-term strategic partnership with Nexus under Qube’s ownership as part of the sale, Roger added.
Qube’s Director of Logistics and Infrastructure, John Digney, commented 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.
The terms of sale include the Nexus business, brand, and operating plant and equipment. The port retains ownership of the site at Wiri which will be leased back to Nexus Logistics on a long-term lease.
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.
