Volaris Group Acquires SpecTec Group Holdings Limited
August 21, 2012 - TORONTO, ON
Volaris Group today announced that it has acquired SpecTec Group Holdings Limited, an international provider of marine and remote asset management solutions, operating mainly for the shipping, off-shore oil and gas, and naval defense industries. The acquisition is Volaris’ first acquisition in the Marine vertical.
A truly international organization, SpecTec has offices in 15 countries and hundreds of customers ranging from individual ship owners to large multinational oil corporations. The company’s market leading solution, AMOS, is a full featured remote asset and marine-focused enterprise solution suite for maintenance, spare parts and stock control, purchasing and procurement, quality and safety document management, voyage management and personnel management. In addition, SpecTec provides the IDEA software suite for efficient vessel management designed specifically for the yachting industry.
“SpecTec is considered a market leader in marine-focused software and remote asset management solutions making them an ideal acquisition as we move into this vertical market,” said Mark Miller, CEO, Volaris Group. “We look forward to supporting the SpecTec team as they continue to grow and strengthen their business in this market.”
Said Giampiero Soncini, CEO, SpecTec, “We’re very happy to be a part of the Volaris Group as they bring extensive experience building and growing software businesses, and in particular, businesses that provide industry-focused asset management and logistics solutions. The company invests in businesses for the long-term, so we know we have found a good home with Volaris.”
About Volaris Group
Volaris acquires, strengthens and grows vertical market technology companies enabling them to be clear leaders within their focused industry. Volaris companies provide specialized, mission-critical solutions to vertical markets around the world including Agri-Food, Asset Management and Logistics, Justice, People Transportation and Rental Management. Volaris is an operating group of Constellation Software Inc. Learn more at www.volarisgroup.com.
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