Pennant Australasia has acquired Brisbane-headquartered software company Absolute Data Group (ADG) in order to provide enhanced integrated logistics support.
This will also increase its presence in Pennant’s target growth markets of Australasia and North America.
Pennant, whose integrated training and support solutions, products and services train and assist operators and maintainers in the defence and regulated civilian sectors, exchanged contracts to acquire the entire issued share capital of ADG, as well as ADG’s well-established US trading subsidiary OneStrand Inc.
This acquisition will expand Pennant Australasia’s presence and capability, for which 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 ADG CEO Tammy Halter. “Our organisations share the same core values for our customers and our teams, including our common goals of innovation, quality and teamwork.”
ADG is known for its ‘R4i’ suite of technical documentation software, which provides its users with a dynamic S1000D-compliant publication solution. ADG licences the software, as well as provides the software in a hosted platform that includes related support, maintenance and consultancy services.
ADG’s customers include Virgin Galactic, Boeing Defence Australia, Lufthansa Technik and various Defence departments.
The acquisition will enable further integration of the R4i product suite with Pennant’s OmegaPS software, providing users with an end-to-end integrated logistics support and robust documentation solutions.
“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,” Halter said.
Pennant and ADG have been working together since early 2019 on complementary opportunities. As a result, the teams have already carried out the first integration task of connecting R4i LTS to the OmegaPS software suite, allowing delivery of a complete integrated solution to their overall customer base.
“We have known and admired the ADG business for some time so we are delighted to have exchanged contracts for its purchase by Pennant," Pennant CEO Phil Walker said. "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.”