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Paul Salteri served as Group Managing Director of Tenix Pty Limited since 1997.
Following the acquisition of the American Society of maintenance and logistics services for MTC Technologies $ 448 million, announced in late December, BAE Systems makes a new external growth. The British group of Defence said Friday in a statement it had reached an agreement to acquire Australian rival Tenix Defence for a maximum of 775 million Australian dollars, or 478 million euros. The agreement provides for the repurchase of 686 million Australian dollars of the four companies forming the group Tenix Defence (Land, Aerospace, Marine and Electronic Systems). In addition, BAE Systems will acquire interests in two joint ventures Tenix, provided that the partners do not exercise their preemptive rights. These RLM, a joint venture with Lockheed Martin and Tenix Toll Defence Logistics partnership with the Toll Logistics. The acquisition will enable BAE "more than double" its presence in Australia and making it the largest supplier to the Australian Army based in the country, the statement said. In the twelve months ended June 2007, Tenix Defence had reached EBITDA (EBITDA) of 56 million Australian dollars (33.6 million) on a turnover of 699 million Australian dollars. The transaction will bring to 5,500 the number of British group in Australia and its turnover on the spot at 550 million pounds per year. ---- Tenix LADS Corporation has executed a LIDAR survey of the passage Harris in March 2004 for the MCA (Maritime and Coastguard Agency). The survey was conducted using the LADS Mk II system. The survey area was very complex, with many islands and numerous shallow and narrow (see Figure 1). The survey data will topographic heights reaching 50 meters above the sea surface to depths up to 25 meters below the Chart Datum. |
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