Under the deal, Pennant Australasia, part of the UK-based Pennant International Group whose integrated training and support solutions, products and services train and assist operators and maintainers in the defence and regulated civilian sectors, will acquire the entire issued share capital of ADG, as well as ADG’s US trading subsidiary OneStrand Inc.
The acquisition will expand Pennant Australasia’s presence and capability, and ADG Founder and CEO Tammy Halter will now become Pennant’s new managing director.
“Pennant has a proven track record of providing world class leading ILS end-to-end solutions, technical training systems, E-Learning and simulation solutions to global Defence and civilian sectors,” said Halter.
“Our organisations share the same core values for our customers and our teams, including our common goals of innovation, quality and teamwork.
“ADG’s R4i S1000D customers can now access Pennant technologies that provide an overall comprehensive suite of solutions with integrated software support to maintain their deliverables throughout the lifecycle of the technical data. My Australian (ADG) and North American (OneStrand) teams are excited to be part of the Pennant group, a global Integrated Logistics Support company.”
Pennant CEO Phil Walker said: “We have known and admired the ADG business for some time so we are delighted to have exchanged contracts for its purchase by Pennant”.
“There are clear synergies between our respective businesses and numerous opportunities to provide an end-to-end ILS solution to the users of our products. We are looking forward to working with ADG as they move into this exciting new phase.”
ADG’s customers around the world include Virgin Galactic, Boeing Defence Australia, Lufthansa Technik and various defence departments.