We are pleased to announce that today Farsound Aviation Ltd has been acquired by AGIC Capital (http://www.agic-group.com), a leading European-Asian private equity company focused on industrial and medical technology investments in Europe.

On a day-to-day basis, nothing changes. It will be business as usual at Farsound Aviation, however, we will now have new resources and capabilities to continue developing and growing our supply chain solutions capability, and with the support of AGIC, exploit further 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 only 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 5 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.”