Aerodyne divests stake in Denmark-based wind turbine inspection company, AtSite
By Karamjit Singh April 3, 2020
- Part of realignment of objectives based on strategic blueprint
- Able to better focus resources to support rapid global scale-up
Having been on the busiest overseas growth streak of any Malaysian tech company, Aerodyne Group, a global leader in drone based enterprise solutions has announced its first divestment.
It announced yesterday that it has divested its interest in AtSite (formerly Aerodyne AtSite), Denmark by selling its stake back to AtSite’s original shareholders, Rene Merrild Holding Aps and Obling Rasmussen Holding Aps.
Elaborating on the divestment Aerodyne’s founder and CEO, Kamarul Muhamed tells DNA, "We gained significant competitive edge through the advancement of technology which we co-developed and which Aerodyne will now take to the next level."
But after two years, it is time to move on and focus on the overall strategy. “Aerodyne’s aggressive global expansion strategy places it in 25 countries around the world with international partners and companies that are able to cover all industry verticals. Now, after two years, we are looking to realign our objectives moving forward to our overall strategic blueprint, and as such, a divestment was the clear path forward,” explains Kamarul.
This divestment allows Aerodyne to better focus its resources to support its rapid scale-up strategy globally across all verticals it operates in.
‘It has been an interesting two year journey and we wish Rene, Mads and the team the best of luck,” Kamarul adds. As a result of this divestment, AtSite will no longer be known as Aerodyne AtSite.
The company clarifies that the sale is not related to the sudden economic chill caused by the Covied-19 pandemic.