Rolls-Royce subsidiary buys Kiwi firm

TOM PULLAR-STRECKER
Last updated 10:16 22/06/2012

Relevant offers

Small Business

Welcome to the cash-free cafe: the future of payments for small business The big price freeze for small business Tattoo shop Epic Ink says complaining customer is wrong about 'incomplete' tattoo Wellington City Council says no to Ghost hoverboard take off in capital Wairarapa business Marmalada hits sweet spot, winning gold in UK Marmalade Awards Casualisation of formal events and cheap suits force Frank Casey Wellington to close Company censured for firing employee because he was young and had Asperger's Being a 'mumpreneur' is an option of last resort for most mums Nelson's Supreme Biotechnologies turns bird bath algae into skincare range NZ SMEs more confident, outperforming Australians: MYOB

Wellington software company Superstructure Group has been bought by a subsidiary of Britain's Rolls-Royce.

Superstructure makes a software database, AQD, that is used by more than 100 airlines to record and manage information about accidents and safety risks.

The 28-year-old firm employs 20 staff at its offices in Tory St and another six or seven at an office in London.

Its customers include Air New Zealand, Qantas, Singapore Airlines and Cathay Pacific.

Senior vice-president Ted Thomas said the privately owned firm turned over about $5 million a year.

Its sale to Rolls-Royce software subsidiary Optimized Systems and Solutions (OSyS), for an undisclosed sum, would enable it to grow and pursue bigger opportunities, he said.

Superstructure had a related business developing software for police and security agencies, which was spun out into a separate firm in 2010.

OSyS employs 400 staff. Its larger balance sheet, complementary software products and international offices would let Superstructure take advantage of economies of scale, Thomas said.

Ad Feedback

- The Dominion Post

Special offers
Opinion poll

Do you feel better off than at this time last year?

Yes

No

In some areas yes, others no

Vote Result

Featured Promotions

Sponsored Content