Global Systémes Asia acquires RUAG’s operations in Malaysia
Global Systémes Asia Sdn Bhd (GSA) has announced that it has acquired RUAG International Malaysia’s operation, as part of a ‘strategic move’. The company claims that it is the first Malaysian MRO firm to acquire a foreign company and also the first in the country to offer both military and civil services.
The value of the transaction is worth MYR24 million ($5.8 million) and comprises all RUAG’s 65% share in the RUAG Malaysian venture.
The office was opened in 2016 under a 65:35 partnership with Prima Elite Technology Sdn Bhd, and has capabilities for electrical and lighting components, starter generator and search light services, which will add to GSA’s capabilities in aviation turbine engine repair, components MRO, radar maintenance.
GSA Chairman Nonee Ashirin Mohd Radzi also heads the board of another affiliate company Global Turbines Asia, which primarily provides MRO for Malaysia’s Airbus Helicopter engines such as the Safran Makila 2A1 and Arrius 1A.
GTA is also involved in the in-country support of Royal Malaysian Air Force’s Airbus A400M TP400 turboprop engines. She said that the acquisition will increase the synergy between the three companies and increase GSA’s MRO helicopter and aircraft capabilities.