The Qube operating businesses are realigned to form Ports, Bulk, Logistics and Infrastructure and Property.
Qube acquisition of 50% of Patrick Container Terminals.
POAGS rebranded to Qube Ports and Bulk and POTA rebranded to Qube Logistics.
The listed investment scheme, Qube Logistics (previously KFM Diversified Infrastructure and Logistics Fund ‘KIL’) completed a corporatisation of the held logistics assets and formed Qube Holdings Limited. Qube (ASX:QUB) was admitted to the official list of ASX Limited on the 22 August 2011.
The global assets of P&O Steam Navigation company, including P&O Ports were acquired from DP World, which launched the two businesses POAGS and POTA. A series of bolt on and diversification acquisitions were made which diversified Qube into rail, bulk and agricultural commodities.
Following the Toll takeover of Patrick Corporation, several key executives departed and subsequently joined with Kaplan Funds Management to explore logistics opportunities.