GDA Capital Acquires Omni3, Expands into Singapore with New Gaming Lead
SINGAPORE, Mar 13, 2024 – (ACN Newswire) – GDA Capital, a global leader in digital asset and blockchain technology investments and capital markets advisory, is excited to announce the acquisition of Omni3, a digital asset and disruptive technology advisory firm based in Singapore. This strategic move marks a significant milestone for GDA Capital as it extends its global footprint into the vibrant Asian market, with a dedicated commitment to establishing a full-time presence in Singapore.
Nicholas Seah, the esteemed founder of Omni3, will be joining the GDA Capital team as the Gaming Lead, bringing a wealth of experience and expertise to the table. Nicholas’s impressive track record includes a notable tenure at Temasek, the Singaporean sovereign fund with $400B+ in AUM, and Blockchain Founders Fund, a leading venture capital firm in the blockchain space. His deep understanding of the Asian markets and extensive network will be instrumental in steering GDA Capital’s strategic direction and growth in the region.
The acquisition of Omni3 underscores GDA Capital’s commitment to investing in high-potential markets and sectors, particularly in the gaming and blockchain industries. Nicholas Seah’s leadership role as the Gaming Lead highlights the company’s focus on innovative technologies and its ambition to become a dominant player in the digital asset space globally.
“We are thrilled to welcome Nicholas and the Omni3 team to GDA Capital. This acquisition is a pivotal step towards our expansion in Asia and strengthens our capabilities in the capital markets advisory domain,” said Michael Gord, CEO of GDA Capital. “Nicholas’s extensive experience and remarkable track record in both the financial and blockchain sectors will be invaluable as we embark on this exciting new chapter in Singapore.”
As part of the acquisition, GDA Capital is making a significant investment in establishing a robust full-time presence in Singapore, emphasizing its commitment to becoming a key player in the region’s thriving digital economy. The new office in Singapore will serve as a central hub for GDA Capital’s operations in Asia, focusing on capital markets advisory, blockchain technology, and the burgeoning gaming sector under Nicholas’s leadership.
Nicholas commented, “Joining GDA Capital is a remarkable opportunity to contribute to the company’s growth and to drive the blockchain and gaming industries forward in Asia and beyond. I am excited to lead our expansion in Singapore, leveraging my experience and network to build a strong foundation for GDA Capital in this dynamic market.”
The acquisition of Omni3 and the establishment of a Singapore office are just the beginning of GDA Capital’s ambitious plans for the region. With a strategic focus on innovation, technology, and market expansion, GDA Capital is well-positioned to capitalize on the rapidly growing demand for digital asset and blockchain solutions in Asia and around the world.
About GDA Capital
GDA Capital is a leading global digital asset and blockchain technology investment firm. With a diverse portfolio of investments across various sectors, GDA Capital is committed to driving innovation and providing strategic advisory services to businesses worldwide.
About Omni3
Omni3 is a capital markets advisory firm based in Singapore, specializing in providing strategic guidance and solutions to businesses in the digital asset and blockchain sectors. Founded by Nicholas Seah, the firm has established itself as a trusted advisor in the Asian market.
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Zephyr@platodata.io
Topic: Press release summary
NACCE Acquires SkillPointe to Connect Students to Community College Programs and Help Solve the Skills Gap
NACCE Acquires SkillPointe to Connect Students to Community College Programs for High-Earning Careers.
NACCE and SkillPointe Join Forces to Solve the Skills Gap.
The National Association for Community College Entrepreneurship (NACCE) announced the acquisition of the SkillPointe technology platform at the Cary Chamber of Commerce office in Cary, North Carolina this morning. Higher education leaders, business executives, and public officials gathered to celebrate the acquisition. Founders of SkillPointe agreed to donate the technology platform, valued at over $6 million, to NACCE, which is a national leader in entrepreneurship education in community colleges.
“Today, 60% of high school grads pursue a traditional four-year degree, but after two years nearly half leave college without any credentials or certifications, often because they started down the wrong career path. At the same time, employers are struggling to fill jobs that require a relatively low investment in training and have tremendous earnings potential. This is the reason that SkillPointe was created and why an alignment with NACCE offers a transformative opportunity for higher education and workforce development,” said Todd Wilson, founder of SkillPointe and advisor to NACCE.
The SkillPointe platform lists over 1,000 community colleges and their 60,000 training programs organized under 80 in-demand career paths that require a low amount of training, connecting students to jobs with high earnings potential.
“Seventy-five percent of the SkillPointe audience has not visited a community college website. SkillPointe drives a new segment of underemployed students to community colleges and offers employers the opportunity to secure skilled workers for unfilled jobs. With over one million users to date and 54 percent of them being ethnically diverse, employers can acquire skilled workers and strengthen their workforce,” said Rebecca Corbin, president & CEO of NACCE.
“The vision of NACCE is equitable access to postsecondary education and prosperity for all. With nearly 400 community colleges in our network nationwide, including 34 of the 58 North Carolina Community Colleges, we believe that the SkillPointe platform will accelerate NACCE’s leadership role in solving the skills gap,” said Chris Whaley, president of Roane State Community College and chair of the NACCE Board of Directors.
Supporting Workforce Efforts
The SkillPointe platform guides visitors through career exploration, training requirements, licensing requirements, scholarship opportunities, and salary information all in one place. According to the U.S. Chamber of Commerce, as of August 2023, North Carolina’s labor force participation rate continues to face a worker shortage with only 55 workers for every 100 jobs.
“SkillPointe has achieved great success nationally with well over one million users to date. Its audience is highly diverse, and the platform enhances NACCE’s ability to expand entrepreneurship education in local and regional communities. The SkillPointe platform helps to grow the supply of skilled employees that employers need. The 90-second SkillPointe quiz aligns student interests with the career paths covered on SkillPointe, and many of the pathways can also lead to self-employment,” said Wilson.
So far, over 60,000 national SkillPointe users have been referred to local community college websites to continue exploration of the programs. These referrals must continue to grow since the U.S. Bureau of Labor Statistics reports there will be over 3.3 million job openings annually for the career paths that SkillPointe promotes, especially considering that the referrals convert to enrolled students at a high rate.
Integrated Leadership
Along with acquiring SkillPointe, NACCE added Debbie Poplin, SkillPointe’s former executive director, to the NACCE team as Chief of Staff. Alvin Townley will remain in his role as Executive Director of the SkillPointe Foundation, an affiliated organization that provides scholarships for students pursuing the career paths profiled on SkillPointe. Todd Wilson will continue to serve as an advisor working closely with the NACCE staff.
About NACCE
NACCE is a 501(c)3 nonprofit association of faculty, administrators, presidents, and entrepreneurs focused on igniting entrepreneurship in classrooms, on campuses and in communities. NACCE supports job creation and entrepreneurs in 46 states. NACCE represents nearly 400 colleges and approximately 3.3 million students and has its headquarters in Cary, North Carolina. Visit www.nacce.com for more information.
About SkillPointe
SkillPointe champions skills-based careers by offering a self-assessment tool, career exploration, access to training programs, scholarships, and thousands of listings for well-paying, in-demand jobs. Visitors to SkillPointe will find information about in-demand industries, including business, communications, construction, energy, healthcare, hospitality, information technology, manufacturing, public service, and transportation. Visit www.skillpointe.com for more information.
National Association for Community College Entrepreneurship
Carol Savage
978-857-1473
www.nacce.com
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OrbusNeich Acquires 84% Stake in Indonesian Distributor PT Revass for Approximately US$15 Million
OrbusNeich Medical Group Holdings Ltd (“OrbusNeich”, 6929.HK), a major global medical device manufacturer specializing in interventional devices for percutaneous coronary intervention (PCI) and percutaneous transluminal angioplasty (PTA) procedures, is pleased to announce that it has acquired 84% of the issued share capital of PT Revass Utama Medika (“PT Revass”), through its wholly-owned subsidiary on 27 November 2023. The initial estimated consideration for this transaction is US$15.12 million, and the actual consideration, which is expected to be in the range of US$10.08 million to US$20.16 million, will be determined based on the actual profit recorded by PT Revass in FY2023. The consideration for the acquisition will be funded from proceeds of the Group’s global offering and cash generated from operations.
PT Revass is an Indonesian company specialising in distributing and selling cardiovascular intervention, neuro intervention, peripheral intervention and continuous renal replacement therapy products. Its profit after tax in FY2022 amounted to IDR14.3 billion (equivalent to approximately US$920,000). As of 30 June 2023, its unaudited net asset value was approximately IDR88.1 billion (equivalent to approximately US$5.7 million*). Upon completion of the acquisition, PT Revass will become an indirect non-wholly-owned subsidiary of the Group, and its financial results will be consolidated into the Group’s financial statements.
Mr. David Chien, Chairman, Executive Director and Chief Executive Officer of OrbusNeich, said, “PT Revass has been engaged in the sales and distribution of medical devices in Indonesia for over 10 years. After years of hard work, it has established a strong sales network in the country, covering more than 200 cardiac catheterization laboratories, and is well known in the medical industry. With the acquisition of PT Revass, the Group will shift from a distribution model to a direct sales model in the Indonesian market. This will directly increase the Group’s revenue and profitability and effectively accelerate our further penetration in this fast-growing economy with a huge population.”
Mr Andriatno Martono, President Director of PT Revass, said, “We are honored to reach a sale and purchase agreement with OrbusNeich, the world’s leading PCI and PTA interventional device manufacturer. OrbusNeich and PT Revass are committed to providing patients with high-quality medical equipment and treatments. Under the leadership of OrbusNeich, which has rich marketing experience in the international market and high-quality and innovative products, we will be able to introduce more high-quality vascular interventional medical devices to the Indonesian market and benefit more patients there.”
Since introducing the first balloon product, Sapphire, to the Indonesian market in 2010, OrbusNeich is committed to increasing local market penetration by organizing education activities for doctors and continuously updating its product portfolio. In FY2022, the Indonesian market contributed to the Group US$3.1 million in revenue, representing a year-on-year increase of 29.6% and accounting for 2.2% of the total revenue. According to data from the World Bank, Indonesia’s population reached 276 million in 2022, making it the fourth most populous country in the world. In addition, according to the World Health Organization, ischemic and hypertensive heart disease is the second leading cause of death in Indonesia. With steady economic growth, Indonesia’s healthcare expenditure as a percentage of GDP has increased yearly. The number of cardiac catheterization laboratories for PCI procedures has also been increasing yearly and is expected to increase continuously. Therefore, the Group believes this transaction will be a sustainable growth driver for its future revenue and profit.
*At the rate of IDR10,000 to US$0.64
About PT Revass Utama Medika
Founded in 2010, PT Revass Utama Medika is a company that distributes and markets cardiology intervention medical devices. Initially, it began as an importer and distributor of stents and balloons from OrbusNeich. To encourage growth, PT Revass Utama Medika expanded its business by distributing other medical accessories as supporting devices for cardiology intervention. Moreover, the company created a large sales network spanning 30 major cities across the Indonesian archipelago. Consistent with its vision to be a trusted and leading business partner, PT Revass Utama Medika provides Indonesia with the highest quality cardiology intervention medical devices. Please visit the Company’s official website: https://www.revassutamamedika.com/
About OrbusNeich Medical Group Holdings Limited
OrbusNeich is a major global medical device manufacturer specializing in interventional devices for percutaneous coronary intervention (PCI) and percutaneous transluminal angioplasty (PTA) procedures. Headquartered in Hong Kong, China, OrbusNeich sells its products in more than 70 countries and regions worldwide. It specializes in coronary stent products and is expanding into neurovascular intervention and structural heart disease. As of June 30 2023, OrbusNeich has more than 210 granted patents and published applications worldwide. Its in-house R&D team has over two decades of product development experience and has developed world-leading proprietary technologies. Please visit the Group’s official website: https://orbusneich.com/
Topic: Merger & Acquisition
AIRtec Inc. Acquires Majority Stake in Pax Aero Solutions
AIRtec Inc., a leading aerospace and technology company, is pleased to announce its acquisition of a majority stake in Pax Aero Solutions, a prominent player in the aviation industry. This strategic move represents a significant step forward in AIRtec’s mission to expand its capabilities and offerings within the aerospace sector.
Pax Aero Solutions, known for its expertise in aviation maintenance, repair, and overhaul (MRO) services, has established a strong reputation for quality and reliability over the years. This acquisition will enable AIRtec Inc to diversify its portfolio and enhance its position as an industry leader.
Key highlights of the acquisition:
1. Strategic Synergy: AIRtec Inc and Pax Aero Solutions share a commitment to excellence in the aviation sector. This partnership will leverage their collective strengths to provide a broader range of solutions to customers worldwide.
2. Market Expansion: With Pax Aero Solutions under its umbrella, AIRtec Inc. will gain access to new markets and customers, allowing for accelerated growth and increased market presence.
3. Operational Excellence: Pax Aero Solutions will continue to operate under its existing management and brand, ensuring a seamless transition for customers, suppliers, and employees.
4. Innovation and Technology: The combined resources of both companies will facilitate the development of cutting-edge technologies and solutions, driving advancements in aviation MRO.
AIRtec Inc’s CEO, Tom Jarboe, expressed enthusiasm for the acquisition, saying, “We are excited to welcome Pax Aero Solutions into the AIRtec family. This strategic move aligns perfectly with our vision for the future, enabling us to deliver even greater value to our customers and partners. We are committed to maintaining the exceptional service and quality that Pax Aero Solutions is known for while exploring new opportunities for growth.”
Pax Aero Solutions’, Chris Woodburn, added, “This partnership with AIRtec Inc. is a significant milestone for Pax Aero Solutions. We are confident that together we will reach new heights in innovation and customer satisfaction. Our dedicated team is excited about the opportunities this collaboration will bring.”
About AIRtec: AIRtec is a leading provider of technology solutions specializing in Intelligence, Surveillance, and Reconnaissance (ISR). With a focus on innovation and excellence, AIRtec delivers cutting-edge technology to address complex challenges across various industries, including defense and security.
About Pax Aero Solutions:
Pax Aero Solutions is a respected provider of aviation maintenance, repair, and overhaul (MRO) services. With a reputation for quality and reliability, Pax Aero Solutions offers a comprehensive suite of services to support the aviation industry’s needs.
For media inquiries or further information, please contact: 301-373-2101
To learn more about AIRtec and Pax Aero Solutions, please visit www.flyairtec.com and www.paxaerosolutions.com.
AIRtec
Chad Knauss
240-317-5769
flyairtec.com
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Ferag AG Acquires dereOida
Ferag AG, a renowned family-owned Swiss company with over 65 years of experience as a global market leader in material flow systems, and dereOida, an Australian pioneer in warehouse automation software with their revolutionary doWarehouse system, are uniting their strengths to offer an unparalleled intralogistics solution to businesses across various industries.
dereOida’s flagship product, doWarehouse, presents a holistic single view across the warehouse. With the freedom to select any automated system, customers can seamlessly integrate their chosen hardware into doWarehouse, all while benefiting from dereOida’s outstanding support services. The doWarehouse system enables the user to streamline processes, enhance productivity, reduce costs and allows for continuous improvement through insightful analytics. Notably, it provides a single source of truth, revolutionizes sortation management, replaces cumbersome spreadsheets, and optimizes warehouse space utilization.
Ferag AG’s legacy as a family-owned Swiss company specializing in intralogistics solutions and the development, design and distribution of material flow systems is built upon innovation, quality, and a commitment to customer satisfaction. With a global presence across 18 countries and a team of over 600 dedicated professionals, Ferag has consistently delivered cutting-edge sorting, conveying, buffering and Order Fulfilment Solutions to a diverse range of industries.
The merger of these two industry innovators presents a transformative offering for businesses seeking to optimize their warehouse operations. By combining Ferag’s unparalleled expertise in material flow systems and design with dereOida’s state-of-the-art software solutions, customers can expect an end-to-end solution that addresses every aspect of intralogistics with unprecedented quality, reliability, and support.
Key Benefits of the Merger:
Comprehensive Intralogistics Solutions: Customers now have access to a complete suite of intralogistics solutions that cover the entire spectrum of warehouse automation and management.
Synergy of Expertise: The merger brings together Ferag’s decades of experience in equipment intralogistics with dereOida’s cutting-edge automation software, resulting in a holistic and advanced hardware and software intralogistics solution.
Optimized Productivity: Businesses can leverage the power of doWarehouse’s real-time insights and analytics to drive continuous improvements and optimize their operations.
Simplified Support: dereOida’s single point of contact for hardware and software support ensures seamless assistance and quick issue resolution for enhanced customer satisfaction.
Quotes From CEOs:
Tommaso Ramundo, CEO Ferag AG, commented:
“We are thrilled to announce our merger with dereOida, a strategic move that not only strengthens our position in the market but also propels us forward in achieving our long-term goals. This partnership is a pivotal part of our goal to attain Ferag Excellence 2025, as we relentlessly pursue the realignment of our global sales strategy to effectively meet the changing needs of our customers. By combining the strengths of Ferag and dereOida, we are poised to deliver an even more comprehensive suite of solutions to our valued customers, reaffirming our commitment to excellence and quality in every aspect of our business.”
Karl Friesenbichler, CEO dereOida, commented:
“I am very excited to announce our merger with Ferag. As we embark on this journey together, our focus remains steadfast on delivering unmatched quality, unwavering customer service, and cutting-edge solutions. The synergy between our teams and the complementary nature of our offerings creates a powerful force that will undoubtedly shape the future of our industry.
“Our customers have always been at the heart of what we do, and this merger only strengthens our ability to provide them with the best. We are dedicated to ensuring a seamless transition, maintaining the highest standards, and upholding the trust you have placed in us.”
Both CEOs commented:
“The combined expertise and resources of Ferag and dereOida enable us to explore new horizons and drive innovation at every turn. Not only can we unite our wealth of expertise and resources, but we can also nurture synergies by sharing knowledge and technology, thus leveraging the finest aspects of both entities. Our existing networks provide newfound access to untapped markets, driving growth and expansion. The amalgamation stimulates innovation as we synergise our creative capabilities and diverse skill sets. With this merger, we are confident that our overall competitiveness will be strengthened, enabling us to achieve remarkable results and elevate the level of value we offer to our customers, partners, and stakeholders.”
Ferag America Inc.
Franziska Graz
+1 (856) 842-0600
www.ferag.com
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