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Transaction Reports PT Metro Batavia
AirAsia Berhad acquires PT Metro Batavia
AirAsia Berhad, Malaysia-based airline along with partner PT Fersindo Nusaperkasa, owner of 51% stake in PT Indonesia Air Asia, invested US$8 million to acquire Batavia Air.
AirAsia Berhad’s CEO Tony Fernandes said "I believe this synergy will bring the world-class quality efficient airline for Indonesia people. We and our partner, Fersindo, invested US$80 million for acquiring Batavia Air," Tony explained the acquisition of Batavia Air is a fantastic opportunity for AirAsia to speed up the airline's expansion plans in Indonesia, one of the most exciting aviation markets in Asia. It also confirms the optimism of the potential
growth of AirAsia Indonesia's aviation sector.
CEO of Fersindo Nusaperkasa who is also the President Director of PT Indonesia Air Asia Dharmadi said referring to the civil airline ownership law in Indonesia, Air Asia Berhad will have a stake in Metro Batavia Group by 49% along with Fersindo, its partner in Indonesia, as the majority shareholder with interest of 51 %. Fersindo is also the majority shareholder of PT Indonesia AirAsia (IAA ') with a 51% share of ownership.
"The purchasing consideration value is US$ 80 million and will be transacted in cash," he said.
AirAsia Berhad acquires
PT Metro Batavia
Legal advisor to AirAsia Berhad:
Surveillance Specialties
Securadyne Systems acquires Surveillance Specialties
Securadyne Systems, LLC (“Securadyne Systems”) and Pamlico Capital (“Pamlico”) recently announced that they have completed the acquisition of Surveillance Specialties, Ltd. (“SURV”), a leading New England-based security systems integrator. The SURV acquisition is the second for Securadyne, which was founded in February 2012 in partnership with Pamlico.
“The acquisition of SURV, which enjoys a commanding market presence in New England, ideally complements our build-up strategy focusing on best-in-breed operating platforms,” explained Carey Boethel, President and CEO of Securadyne Systems. “The addition of SURV considerably expands our geographic reach and our ability to deliver high-end, fully integrated solutions in a number of key vertical markets,” Boethel added.
SURV was founded in 1986 as a covert surveillance company by Arthur and Joan Bourque. The company changed its business model to a full-service systems integrator in 1999. Since then, the company has achieved considerable and consistent growth, and has emerged as the top independently-owned and operated security systems integrator in New
England. SURV currently has branch offices in Wilmington, MA and Portland, ME.
Arthur Bourque, President and CEO of SURV, stated “We were fortunate to have a number of viable strategic alternatives for our business, but it was clear that Securadyne represents the future of our industry and is the best possible fit for SURV’s employees, customers and shareholders. We’re very excited about joining the Securadyne team and the opportunities for growth that will be created by this partnership.”
Mr. Bourque will join Securadyne’s Board of Directors and be active in setting the business’s strategic direction and helping with future M&A activities. Justin Davis, Chief Operating Officer for SURV, will join the Securadyne Systems executive team and will be responsible for leading the company’s Northeast Region.
Stuart Christhilf, Principal at Pamlico, noted “We are excited to be partnering with Arthur, Justin and the SURV team, as their passion for integrity, quality service, and industry-leading technologies represent exactly what we are trying to build with Securadyne. We expect them to be valuable contributors as we look to expand the combined business going forward.”
These announcements appears as a matter of record only