Farsound Aviation Ltd announced today that it has been acquired by AGIC Capital a European-Asian private equity company focused on industrial and medical technology investments in Europe.
The team at Romford based Farsound Aviation Ltd.
Courtesy Farsound Aviation
Farsound stressed that on a day-to-day basis, nothing changes and it will be business as usual at Farsound Aviation. However, it says the company will now have new resources and capabilities to continue developing and growing its supply chain solutions capability and with the support of AGIC exploit further market opportunities, particularly in Asia.
Farsound Aviation will continue to focus on developing existing and new customer and supplier relationships and the added capital investment from a large private equity backer will enhance that drive. Kevin Sargent, Executive Chairman of Farsound Aviation, commented: “I am very excited by this new phase in our development.
"Farsound has come a very long way in the past five years and I am very confident that with the support and backing of the AGIC team, we will continue that rapid growth. I very much look forward to working with the AGIC team to further enhance Farsound’s position in the market.”