Press Release: 17 April 2013
AAM Pty Ltd has announced its merger with Vekta Pty Ltd, as part of a major investment in Australia’s geospatial sector.
The combination of the two industry leaders, announced at this week’s Surveying & Spatial Sciences Conference in Canberra, positions AAM as one of the largest geospatial services providers in Australasia and the Asia Pacific Region.
The merged company will continue to provide geospatial services to the Australasian, Asia Pacific and African markets. AAM now boasts a workforce of than 500 people and revenue exceeding A$75 million.
AAM Chairman and Managing Director, Scott Ramage said the AAM and Vekta merger provides the company with the critical mass to make further investment in the rapidly growing geospatial sector.
“We see exciting opportunities to apply our innovative geospatial solutions in existing and emerging markets,” said Ramage. “Joining AAM and Vekta enhances our ability to realise this innovation.”
AAM has been at the forefront of geospatial technology for over 50 years. The company provides a diverse range of geospatial services and technology, including land survey, aerial and satellite mapping, and GIS solutions to industries including mining and minerals, energy, infrastructure, utilities and government.
With a history stretching back more than 60 years, Vekta specialise in the provision of land, engineering and aerial surveys. Vekta products and services are utilised across major national and international projects as well as within the property development, construction and mining sectors.
AAM Group’s Executive Director, Brian Nicholls reinforced the importance of the merger.
“This is a strong demonstration of a leading Australian business investing in the future of the expanding geospatial sector,” he said.
“AAM has consistently led the provision of geospatial services to business and government users. As technology expands into mobile and consumer applications, AAM will lead the development of geo-content and geo-IT solutions across a diverse range of industries.”