BERNAMA.com - Aerodyne Sees Over RM90 Mln Revenue Over 3 Years From AtSite Deal
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Aerodyne Sees Over RM90 Mln Revenue Over 3 Years From AtSite Deal

Last update: 08/03/2018
 
KUALA LUMPUR, March 8 (Bernama) ? Local drone specialist, Aerodyne Group, expects to reap an additional RM96.4 million in revenue over the next three years from the acquisition of 60 per cent controlling stake in Danish wind turbine blade inspections company, AtSite, for approximately RM10.6 million.

In a statement today, Founder/Chief Executive Officer, Kamarul A. Muhamed, said the acquisition has enabled the company to tap into the European and global wind turbine inspection market.

"We can tap into the growing wind energy market as more countries explore renewable energy," he said.

Kamarul said the world's rapidly-depleting fossil fuels, combined with the awareness for clean energy to limit the harm to environment and climate change, had led more countries to turn to renewable energy such as wind turbine generation.

"The potential of this business is enormous. Aerodyne sees this stake as a strategic investment," he said.....

 
 
 

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