Western Australian four-wheel-drive light commercial vehicle manufacturer OKA is seeking an investor or buyer. OKA builds a range of light trucks, buses and recreational vehicles aimed at outback, defence and mining uses. Steven McCabe of KPMG in WA is handling the proposed transaction and says the investors are looking to other opportunities rather than there be a problem with the company.
By Rob McKay | November 2, 2011
Western Australian four-wheel-drive light commercial vehicle manufacturer OKA is seeking an investor or buyer.
OKA builds a range of light trucks, buses and recreational vehicles aimed at outback, defence and mining uses.
Steven McCabe of KPMG in WA is handling the proposed transaction and says the investors are looking to other opportunities rather than there be a problem with the company.
“The owners are keen to do something else,” McCabe says.
“There is no predicament per se.
“We’ve just been engaged to sell the business as a going concern to anyone who might be interested.”
OKA’s trucks and buses use Cummins ISBe engines, Allison transmissions, and BAe transfers cases and axles.
With a gross payload of up to 2.6 tonnes, the trucks, which come as single, double and multi-cab configurations, are rated at 136kW power and 700 Nm torque.
The buses have total seating capacity of 14, fixed or reclining, and uses ranging from mine transportation to luxury safari operations.
KPMG says options for the firm include outright sale, share purchase, purchase of intellectual property or strategic alliance though licence and manufacturing agreements.