Rolls-Royce subsidiary buys Kiwi firm

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

Relevant offers

Small Business

Bland budget a stable platform for Wellington business growth Builder to pay after worker fell from faulty ladder Area360 launches Ticketure, in a bid to disrupt the major ticketing companies 'Not worth' pursuing Station Village bars for trading while insolvent Geo AR Games Kickstarting to get kids off the couch - using healthy gaming Kiwis create Run An Empire app to make exercise a game Melon Health resource creates community for people living with bladder cancer Business Matters: New store, market and chief executive Banker opened his own cafe and fell into the same traps as other small businesses Ask the expert: when your staff ditch the SME life for a bigger pond

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