bp Australia has announced a binding agreement to acquire X Convenience, a prominent fuel and convenience retailer. This acquisition will expand bp’s network by over 50 sites across South Australia and Western Australia.
Frédéric Baudry, president of bp Australia and senior vice president of Mobility, Convenience, & Midstream, Asia Pacific, highlighted the strategic benefits of the acquisition. “This is an exciting day for bp and X Convenience, as we look to bring together two amazing businesses. We look forward to completing this transaction, integrating a high-quality network, and learning from the X Convenience team, leveraging offers that resonate so well with their customers.”
Baudry emphasised the significance of the deal for bp’s operations in South Australia. “We’re making our commitment to South Australia clear by investing in the expansion of our network throughout the state. Through X Convenience and our brilliant partners, bp will provide quality fuel, convenience, and card offers to our South Australian and national fleet customers, as we have for decades.”
The acquisition, pending customary approvals, aligns with bp’s global strategy to double the number of its strategic convenience sites from 2019 to 2030. This move is expected to enhance bp’s national presence and support its long-term growth objectives in the convenience retail sector.
Steven Kosmidis, director of X Convenience, expressed optimism about the future. “I am excited for this next chapter of the business as bp continues to build the X Convenience network and deliver for our customers.”
This acquisition not only marks a significant expansion of bp’s footprint in Australia but also showcases its commitment to enhancing customer service and operational efficiency through strategic partnerships.
For more information visit www.bp.com
