Geospatial services company AAM Pty Ltd. has announced its merger with Vekta Pty Ltd, as part of a major investment in Australia’s geospatial sector.
The combination of the two companies, announced at last week’s SSSC 2013 in Canberra, positions AAM as one of the largest geospatial services providers in Australasia and the Asia Pacific Region.
The merged company will continue to provide geospatial services to the Australasian, Asia Pacific and African markets. AAM now boasts a workforce of more than 500 people and revenue exceeding A$75 million.
AAM Chairman and CEO, Scott Ramage said the AAM and Vekta merger allows the company to further invest in the rapidly growing geospatial sector.
“We see exciting opportunities to apply our innovative geospatial solutions in existing and emerging markets,” said Ramage. “Joining AAM with Vekta enhances our ability to realise this innovation.”
AAM has been providing geospatial services and technology for over 50 years, including land survey, aerial and satellite mapping, and GIS solutions to many different industries.
With a history stretching back more than 60 years, Vekta specialises in the provision of land, engineering and aerial surveys. Vekta products and services are used across major national and international projects as well as within the property development, construction and mining sectors in Australia.
AAM Group’s Executive Director, Brian Nicholls reinforced the importance of the merger.
“This is a strong demonstration of a leading Australian business investing in the future of the expanding geospatial sector,” he said.