A-Sonic Aerospace acquires 60% stake in 3DC Solutions for $15.2m

The transaction is part of a larger deal to expand its presence.

A-Sonic Aerospace, through its wholly owned subsidiary A-Sonic Logistics, has agreed to acquire a 60% stake in logistics firm 3DC Solutions for $15.2m, a move the company said will strengthen its position in Singapore and ASEAN.

The deal comprises a $6m subscription for new shares and the acquisition of existing shares worth $9.2m from 3DC Solutions' three shareholders.

According to the company, the acquisition is expected to strengthen its logistics platform across ASEAN, where 3DC Solutions operates through an integrated network spanning six countries.

The group said the deal is expected to increase its revenue by 27.8% to $375.54m (US$292.68m) and lift earnings per share by 35.9%, supported by higher margins, operational synergies and cost savings from integrating overlapping operations and back-office functions.

The transaction is subject to shareholder approval at an extraordinary general meeting and is expected to complete on 1 October.

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