- Media /
- Press release
FAAC Technologies expands into its 30th country, New Zealand, through the strategic acquisition of Aero NZ (2012) Limited
FAAC Technologies expands into its 30th country, New Zealand, through the strategic acquisition of Aero NZ (2012) Limited, bolstering its global presence and extending market reach.
FAAC Technologies (FAAC), through its Australian subsidiary Magnetic Automation Pty Ltd, has reached an agreement for the purchase of all the shares of Aero NZ (2012) Limited (Aero), a leading market importer and distributor of access automation gates in the New Zealand territory and in a few other countries of the Asia Pacific region.
With a team of well qualified employees operating from branches in Auckland and Christchurch, AERO now lays claim as the strongest technical support team in the industry.
Leveraging on the expertise, capability and leadership of Aero’s team, FAAC will offer unparalleled solutions that enhance security, convenience, and efficiency for residential, commercial, and industrial applications across New Zealand.
This strategic move will not only strengthen FAAC’s presence in New Zealand but also bolster its direct presence in the Asia Pacific region and reinforces its commitment as a prominent supplier of cutting-edge solutions and high-quality products in a rapidly growing sector. By integrating Aero’s expertise and market knowledge, FAAC is well-positioned to capitalise on the increasing demand for advanced gate automation technologies in the Asia/Pacific region and paves the way for sustained success and long-term growth.
“We are continuing our growth commitment within the Asia Pacific Region – declares the Asia Pacific Regional Director of FAAC Technologies – Fabio Tomi – in a strategic and professional company that has been operating successfully in New Zealand for over 10 years.”
“With this new acquisition we are investing in the success of a partner originally established as a key distributor, now part of our global organisation” is the comment of Giovanni D’Abramo, Managing Director of FAAC Technologies.
“Aero NZ has been founded on integrity and ethical values, the same founding values we discovered in FAAC Technologies. We are thrilled for our team to be taken to the next level under the FAAC leadership and enlarge our commitment toward our clients and partners” commented the Directors Jasmine Lochore and Mike Morrow (also sellers in this transaction).
The transaction is subject to customary closing conditions and is expected to close by 31st August 2023.
FAAC is a leading international pioneer in the automated systems industry and in the control of pedestrian and vehicle accesses for residential and commercial applications.
With Headquarters located in Bologna, Italy, last year reported consolidated sales exceeding 650 million EUR and a global presence encompassing 53 companies across 5 continents, proudly sustaining a workforce of over 3,600 employees worldwide.
The acquisition is executed through its Australian subsidiary Magnetic Automation Pty Ltd. Established in 1983, this now operates across 4 branches in the Australian territory and is part of FAAC’s APAC Region, which includes Australia, China, India, Malaysia and now New Zealand.
About the Sellers
Jasmine Lochore and Mike Morrow are private investors active in the New Zealand territory in a number of sectors including hire, retail, bollards and commercial property. They bought AERO NZ in 2012 as a small family business, driving it across a solid path of growth and success, culminated with nowadays sale to FAAC.