Business Wire

Tokyo Century Corporation and All Nippon Airways Trading Company to Acquire Significant Stake in GA Telesis

Del

GA Telesis, LLC (“GA Telesis” or “the Company”) announced today that its current shareholder Tokyo Century Corporation (“Tokyo Century”) along with All Nippon Airways Trading Company (“ANATC”)1, have collectively entered into a definitive agreement to acquire all shares held by Global Principal Finance Company LLC (“GPFC”)2.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20180930005012/en/

Tokyo Century Corporation and All Nippon Airways Trading Company to Acquire Significant Stake in GA  ...

Tokyo Century Corporation and All Nippon Airways Trading Company to Acquire Significant Stake in GA Telesis. (Photo: Business Wire)

Tokyo Century’s ownership after the closing of the transaction will increase to 49.2% and ANATC will acquire a 10% interest in the Company. Tokyo Century and ANATC expect the transaction to close in October 2018.

Separately, GA Telesis, Tokyo Century and ANATC have reached an in-principle agreement to form a commercial engine leasing joint venture focusing on current technology jet engines. The equity will be provided by each party and the joint venture will be managed by GA Telesis.

The additional investment by Tokyo Century will bolster and further diversify Tokyo Century’s existing aviation investment platform, which also includes a 20% holding in Aviation Capital Group, the world’s premier aircraft leasing company, as well as a 16.7% position in Jetstar Japan.

"Our initial investment in GA Telesis from 2012 has performed well and proven our initial investment thesis," said Koichi Nakajima, Deputy President of Tokyo Century Corporation. "We have made a commitment to our customers and the industry to provide the best services in aviation. This further investment in the Company solidifies our strategy and promise.”

Established in 1970, ANATC has evolved from a service provider of aviation serviceable parts to a multinational service and solution provider that centers its business not only around aviation, but also in various fields such as food and beverages, electronics, and daily living essentials. Building on a strong customer base in Asia and other regions, ANATC strives to provide customer-centric and value-added solutions and services to its customers.

"This investment in GA Telesis is the next step in our growth strategy, with a clear opportunity to profitably grow our business and better serve our customers," said Hideto Osada, Senior Executive President of ANATC.

With approximately 600 employees worldwide, GA Telesis is headquartered in Ft. Lauderdale, Florida with financial services, sales, distribution operations and MRO services operations in more than 19 countries. As the leading independent provider of integrated solutions through the combination of financial services, used serviceable material supply-chain, major related MRO operations and other ancillary aftermarket services, GA Telesis continues to lead the industry by expanding the GA Telesis Ecosystem™ to include more product and service offerings to its customers.

“I am thrilled with Tokyo Century’s confidence in GA Telesis and decision to increase its stake in GA Telesis,” said Abdol Moabery, President & CEO of GA Telesis. “We have had a 15-year relationship with ANATC and their investment is not only a testament to the success of that relationship but also the innovative manner in which they view the future of the aviation marketplace. With these two great shareholders, I am confident that we will continue to deliver our year-on-year double-digit growth,” he added.

About Tokyo Century Corporation

Tokyo Century Corporation is a highly specialized and unique financial services company that pioneers new business fields combining finance, services and business expertise, working alongside customers in pursuit of their growth and goals. Through its four core businesses (Equipment Leasing, Specialty Financing, Domestic Automobile Financing, and International Business) Tokyo Century seeks to provide solutions that help increase the corporate value of customers.

About All Nippon Airways Trading Company

ANATC is a global solution and service provider, focusing in five business areas: retail, digital marketing, food, aerospace and electronics, and lifestyle businesses. ANATC headquartered in Tokyo, Japan, has business units in France and Singapore, and 11 group companies, with a multinational workforce of approximately 2,300 people.

About GA Telesis

GA Telesis is a global leader providing integrated solutions to the aviation and aerospace industries. Built on the premise of “Customer Success” being the goal, GA Telesis serves over 3,000 customers including airlines, OEMs, MROs and suppliers worldwide with 31 leasing, sales, distribution and MRO operations in 19 countries. At GA Telesis the company’s core business is integrated aviation solutions and their mission is customer success.

1 ANATC is a wholly owned subsidiary of ANA Holdings

2 Global Principal Finance Company LLC is a wholly owned subsidiary of Bank of America Corporation

Contact information

GA Telesis, LLC
Cathy Moabery, 954-676-3111 Ext. 2238
cmoabery@gatelesis.com

Om Business Wire

Business Wire
Business Wire
24 Martin Lane
EC4R 0DR London

+44 20 7626 1982http://www.businesswire.co.uk

(c) 2018 Business Wire, Inc., All rights reserved.

Business Wire, a Berkshire Hathaway company, is the global leader in multiplatform press release distribution.

Følg saker fra Business Wire

Registrer deg med din epostadresse under for å få de nyeste sakene fra Business Wire på epost fortløpende. Du kan melde deg av når som helst.

Siste saker fra Business Wire

Planview Empowers Organizations to Realize Agile-at-Scale with Lean and Agile Delivery Solution18.2.2019 15:05:00Pressemelding

Today’s increasingly competitive and disrupted markets require teams and enterprises to adapt quickly and speed delivery of innovative products, solutions, and customer experiences. While agile ways of working have produced positive results on single teams, leveraging Agile across the organization creates a challenge – how to scale delivery across teams for larger initiatives and focus on business outcomes for driving change and results. The Planview® solution for Lean and Agile delivery solves this challenge by connecting agile delivery with strategic planning and lean portfolio management to achieve business objectives faster. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190218005030/en/ The Planview solution for Lean and Agile delivery connects strategic planning, lean portfolio management, and work delivery. (Graphic: Business Wire) “When Planview came together with LeanKit® in December 2017, we significantly expanded

The University of Luxembourg Launches a Unique Interdisciplinary Space Master in Line with the Government’s SpaceResources.lu Initiative18.2.2019 14:07:00Pressemelding

In fall 2019, the University of Luxembourg launches a two-year Interdisciplinary Space Master program. This Master study program, set up in collaboration with the Luxembourg Space Agency, aims to provide students with the engineering skills required in the burgeoning space industry, along with in depth knowledge to manage space-related business activities. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190218005215/en/ Etienne Schneider, Deputy Prime Minister and Minister of the Economy ; Stéphane Pallage, Rector of the University of Luxembourg ; Claude Meisch, Minister for Higher Education and Research © University of Luxembourg (Photo: Business Wire) In 1985, a public-private partnership effort launched Société Européenne des Satellites, today known as global satellite operator SES. Over the last decades, further space-related services and businesses have developed alongside SES shaping a vibrant space economy. As a leader

Wipro Launches QuMiC to Accelerate Migration to Oracle Cloud18.2.2019 13:55:00Pressemelding

Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global information technology, consulting and business process services company, today announced the launch of QuMiC (Quick Migration to Cloud), a comprehensive platform designed to transform the way organizations migrate to Oracle Cloud. Using QuMiC, Wipro and Oracle aim to simplify and accelerate the journey to Oracle Cloud for their customers. Wipro is a Platinum level member of Oracle PartnerNetwork (OPN). Wipro’s QuMiC is a unique platform that migrates all aspects required for a cloud implementation, i.e. process definitions, configurations, data, and code to Oracle Cloud for a wide variety of software environments. Irrespective of whether an organization’s original assets are in an on-premise platform such as Oracle E-Business Suite, a version management tool, or another cloud software-as-a-service (SaaS) environment, QuMiC can automate and thereby, seamlessly accelerate the migration process. The platform reduces the

Top Mobility Firms Combine to Form Sterling Lexicon18.2.2019 13:47:00Pressemelding

Two of the mobility industry’s most trusted leaders – Lexicon Relocation and Sterling Mobility – this week announced the launch of their new brand, Sterling Lexicon. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190218005205/en/ In mid-2018, Lexicon Relocation acquired Sterling Mobility, expanding their combined global footprint and service offerings in the mobility marketplace. After six months of integration, the companies have rolled out as one unified, global brand. The integration of the two companies enables Sterling Lexicon to deliver end-to-end services around the world. Focused on personalized, high-touch and quality solutions, Sterling Lexicon’s global employees expertly manage any relocation needs for private and corporate customers. “Individually, Lexicon and Sterling were highly regarded in the relocation industry, with a reputation for outstanding customer service. Together, we bring an unparalleled level of c

Milrem Robotics’ THeMIS UGV Strengthens Its Position as The Industry Standard18.2.2019 13:00:00Pressemelding

The unmanned warfare systems developer Milrem Robotics is the most represented company in its field at this year’s IDEX with the widest selection of different weaponized unmanned ground systems on display. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190218005105/en/ Together with industry partners MBDA, Electro Optic Systems, ST Engineering and Nexter, Milrem Robotics is exhibiting four different weaponized unmanned ground systems at the main defence event in the Middle East. All systems are integrated onto Milrem Robotics' THeMIS unmanned ground vehicle. (Photo: Business Wire) Together with industry partners MBDA, Electro Optic Systems, ST Engineering and Nexter, Milrem Robotics is exhibiting four different weaponized unmanned ground systems at the main defence event in the Middle East. All systems are integrated onto Milrem Robotics’ THeMIS unmanned ground vehicle. On display are two completely new weaponized UGVs – the

Saudi Arabia Ministry of Health and Masimo Announce Automation of National Neonatal CCHD Screening Process Using Masimo Technology18.2.2019 13:00:00Pressemelding

Recently at Arab Health 2019, the Saudi Arabia Ministry of Health (MOH) and Masimo (NASDAQ: MASI) jointly announced the implementation of an automation solution designed to streamline the process of critical congenital heart disease (CCHD) screening of newborns using Masimo SET®, the first automation of its kind worldwide. This latest phase in Saudi Arabia’s national CCHD screening program, which began in 2016 as part of the Vision 2030 plan addressing improvements in healthcare and other areas, automates the collection and storage of screening data, helping to make the process both more efficient and more accurate. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190218005021/en/ Masimo Rad-97™ with Eve™ (Photo: Business Wire) In 2016, Saudi Arabia implemented a mandatory CCHD screening program for all newborns using the Masimo Eve™ Newborn Screening Application on Radical-7® Pulse CO-Oximeters® with SET® Measure-through Moti