CPE Capital
Leading sovereign defence, advanced manufacturing and sustainment company ASDAM acquires TAE Aerospace and RUAG Australia
ASDAM today announced the acquisitions of TAE Aerospace (“TAE”) and RUAG Australia, which join Marand and Levett as part of the ASDAM Group. ASDAM has established an industry leading Australian sovereign industrial capability in engineering, advanced manufacturing and sustainment across defence, aerospace and industrial markets.
Steve Sargent, Chairman of ASDAM, said, “Marand, Levett, TAE and RUAG Australia are all outstanding businesses in their own right. Their combination within ASDAM creates a leading Australian engineering and sustainment partner across aerospace and defence programs. ASDAM’s role is to provide continued access to capital and resources to build and grow Australian sovereign industrial capability.”
As part of the transaction, the current CEO of TAE Andrew Sanderson assumes the role of CEO of ASDAM and joins the Board of ASDAM. Rohan Stocker continues in his roles as the CEO of Marand and Levett and as an Executive Director on the ASDAM Board.
Andrew Sanderson, CEO of ASDAM said, “TAE and RUAG Australia’s focus on sustainment of aerospace and defence platforms will be highly complementary to the design, engineering and advanced manufacturing capabilities of Marand and Levett in the ASDAM Group. The expanded resources of the group will enable each of the businesses to invest and grow their capabilities to support our global defence, aerospace and industrial customers.”
ASDAM operates from 20 locations across Australia and the United States, and has approximately 1,000 employees. ASDAM is majority owned by funds managed by CPE Capital.
ENDS
About ASDAM
ASDAM is a leading sovereign defence, advanced manufacturing and sustainment company with operations in Australia and the United States. It provides end-to-end capability across design, engineering, manufacturing, assembly and sustainment. ASDAM services a number of defence and non-defence programs, and has long term relationships with governments, defence prime contractors and other industrial customers. It is Australia’s largest supplier to the F-35 Joint Strike Fighter Program. Select customers include Lockheed Martin, BAE Systems, Honeywell, Pratt & Whitney and BHP. ASDAM is majority owned by funds managed by CPE Capital.
About TAE Aerospace and RUAG Australia
TAE is Australia’s largest engine maintenance, repair & overhaul (“MRO”) provider and the operator of the only F-35 Joint Strike Fighter engine MRO facility in Asia Pacific. TAE services engines for both commercial clients and global and local defence programs, including the Abrams tank for the Australian Army and the Super Hornet for the Royal Australian Air Force.
RUAG Australia provides MRO, aerostructures manufacturing, engineering, additive technology and surface treatment solutions for defence and non-defence customers. It has been designated by the US Joint Program Office as the sustainment and support provider for a number of components on the F-35 Joint Strike Fighter in the Asia Pacific region.
Steve Sargent, Chairman of ASDAM, said, “Marand, Levett, TAE and RUAG Australia are all outstanding businesses in their own right. Their combination within ASDAM creates a leading Australian engineering and sustainment partner across aerospace and defence programs. ASDAM’s role is to provide continued access to capital and resources to build and grow Australian sovereign industrial capability.”
As part of the transaction, the current CEO of TAE Andrew Sanderson assumes the role of CEO of ASDAM and joins the Board of ASDAM. Rohan Stocker continues in his roles as the CEO of Marand and Levett and as an Executive Director on the ASDAM Board.
Andrew Sanderson, CEO of ASDAM said, “TAE and RUAG Australia’s focus on sustainment of aerospace and defence platforms will be highly complementary to the design, engineering and advanced manufacturing capabilities of Marand and Levett in the ASDAM Group. The expanded resources of the group will enable each of the businesses to invest and grow their capabilities to support our global defence, aerospace and industrial customers.”
ASDAM operates from 20 locations across Australia and the United States, and has approximately 1,000 employees. ASDAM is majority owned by funds managed by CPE Capital.
ENDS
About ASDAM
ASDAM is a leading sovereign defence, advanced manufacturing and sustainment company with operations in Australia and the United States. It provides end-to-end capability across design, engineering, manufacturing, assembly and sustainment. ASDAM services a number of defence and non-defence programs, and has long term relationships with governments, defence prime contractors and other industrial customers. It is Australia’s largest supplier to the F-35 Joint Strike Fighter Program. Select customers include Lockheed Martin, BAE Systems, Honeywell, Pratt & Whitney and BHP. ASDAM is majority owned by funds managed by CPE Capital.
About TAE Aerospace and RUAG Australia
TAE is Australia’s largest engine maintenance, repair & overhaul (“MRO”) provider and the operator of the only F-35 Joint Strike Fighter engine MRO facility in Asia Pacific. TAE services engines for both commercial clients and global and local defence programs, including the Abrams tank for the Australian Army and the Super Hornet for the Royal Australian Air Force.
RUAG Australia provides MRO, aerostructures manufacturing, engineering, additive technology and surface treatment solutions for defence and non-defence customers. It has been designated by the US Joint Program Office as the sustainment and support provider for a number of components on the F-35 Joint Strike Fighter in the Asia Pacific region.