SAPEX Group has reported they have completed the acquisition of the PT SAS Dura-Base® Mat Rental Services business in Indonesia.

The completion of the SAS acquisition comes after being awarded a contract from SAKA Indonesia, announced in November 2018, valued at $3.66m USD and the first of several contracts SAPEX are aiming to secure over 2019.

SAPEX Group seek de-listing from the NSX and transition to the ASX.

The company remain committed to their vision of ensuring clients Get In, Get Out and Leave Nothing Behind.

The recent SAS corporate acquisition is key to the companys future plans and brings significant scale to SAPEX Groups overall portfolio and operations and their expansion ambitions.

The Company intends to take advantage of existing growth opportunities by expanding into alternate industries (including plantations, telecommunication infrastructure, transmission) as well as completing a shift from a third-party management model to that of a full-service owner and operator.

Our matting system has extensive and unique technical advantages over the competition. SAPEX currently holds approximately 90% of the composite matting market in Indonesia, and we hope to expand on this unique market position.

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Wholesale Opportunity : $3.66 million contract the first of many planned for 2019Sapex Group Limited on Friday announced the Company has been awarded a contract from SAKA Indonesia Langkah Limited, valued at $3.66m USD, for mat supply …

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SAPEX GROUP LIMITED CONSOLIDATED FINANCIAL STATEMENTS

SAPEX has a well-established team, serviced by a board of directors and management team with an impressive list of experience. With a large of amount of industry experience, a vast amount of contributions to ventures all across Asia and an exceptional combination of cross-industry knowledge, SAPEX is able to take some of the load off their product by providing the perfect support and durability going forward as the company strives to achieve their lofty future objectives.

Peter has more than 20 years experience in the mining, finance and telecommunications industries. He has extensive experience in the development of mining and resource assets in Indonesia and has considerable corporate experience in Asia.

Kyle is the co-founder of SAPEX Oilfield Services Limited and was also responsible for the implementation of the companys business development strategy, including the introduction and market penetration of the Dura-Base® Composite Mat System product in Indonesia. Kyle has over 20 years management and business development experience in South East Asia.

Dan Powell has 30 years management experience in the banking and finance industry, from retail to industry markets, covering distribution, sales, marketing, strategy and product development.

Mr Powell was a director of ASCALON Capital Managers, a member of the board with Oasis Management (ING Australia) and a member of the executive board at ING Australia Ltd and SEALCORP holdings LTD.

Mr Powell is currently head of distribution at Nanuk Asset Management.

James is qualified and experienced business manager specialising in shipping, facilities, project logistics & supply chains. This is proven through a strong track record in dealing with multifaceted businesses and large work forces in both developed and undeveloped countries. 14 years experience across South East Asia, Australia and the South Pacific in the Mining, Oil & Gas, Government & Defence, Infrastructure and Industrial sectors has developed a unique skill set which has proven valuable with companies, clients and colleagues alike.

Peters extensive career over a 20 year period has focused on business management which has involved holding numerous global positions in the consulting, insurance and financial services industries.Peter has a strong understanding of both the Asian and specifically Indonesian markets, having fulfilled both regional and country head roles within these areas.

Peter has more than 20 years experience in the mining, finance and telecommunications industries. He has extensive experience in the development of mining and resource assets in Indonesia and has considerable corporate experience in Asia.

Kyle is the co-founder of SAPEX Oilfield Services Limited and was also responsible for the implementation of the companys business development strategy, including the introduction and market penetration of the Dura-Base® Composite Mat System product in Indonesia. Kyle has over 20 years management and business development experience in South East Asia.

Dan Powell has 30 years management experience in the banking and finance industry, from retail to industry markets, covering distribution, sales, marketing, strategy and product development.

Mr Powell was a director of ASCALON Capital Managers, a member of the board with Oasis Management (ING Australia) and a member of the executive board at ING Australia Ltd and SEALCORP holdings LTD.

Mr Powell is currently head of distribution at Nanuk Asset Management.

James is qualified and experienced business manager specialising in shipping, facilities, project logistics & supply chains. This is proven through a strong track record in dealing with multifaceted businesses and large work forces in both developed and undeveloped countries. 14 years experience across South East Asia, Australia and the South Pacific in the Mining, Oil & Gas, Government & Defence, Infrastructure and Industrial sectors has developed a unique skill set which has proven valuable with companies, clients and colleagues alike.

Peters extensive career over a 20 year period has focused on business management which has involved holding numerous global positions in the consulting, insurance and financial services industries.Peter has a strong understanding of both the Asian and specifically Indonesian markets, having fulfilled both regional and country head roles within these areas.

Kyle is the co-founder of SAPEX Oilfield Services Limited and was also responsible for the implementation of the companys business development strategy, including the introduction and market penetration of the Dura-Base® Composite Mat System product in Indonesia. Kyle has over 20 years management and business development experience in South East Asia.

A background in finance coupled with 25 years of Operational Management experience, including 15 years in various international positions, makes Simon uniquely qualified to lead the Indonesia-based operations division of SAPEX.  As part of the original Dura-Base® team in Indonesia from 2005 till 2010, Simon is well versed in Dura-Base® operations as well as the various customers and cultures throughout Indonesia. Since 2010, Simon has worked in numerous countries in Asia Pacific as well as the Middle East holding positions from Country Management to the Executive Level with 2 major Oil & Gas service companies. Simon is well versed in compliance, safety, product management and cross functional leadership and brings a strong operational perspective and commitment to the company.

David has over 17 years of investment and commercial experience, spanning corporate advisory, financial control and asset management. He draws on extensive experience gained with top tier global investment managers, holding roles focused on equity research and investment management.

Kyle is the co-founder of SAPEX Oilfield Services Limited and was also responsible for the implementation of the companys business development strategy, including the introduction and market penetration of the Dura-Base® Composite Mat System product in Indonesia. Kyle has over 20 years management and business development experience in South East Asia.

A background in finance coupled with 25 years of Operational Management experience, including 15 years in various international positions, makes Simon uniquely qualified to lead the Indonesia-based operations division of SAPEX.  As part of the original Dura-Base® team in Indonesia from 2005 till 2010, Simon is well versed in Dura-Base® operations as well as the various customers and cultures throughout Indonesia. Since 2010, Simon has worked in numerous countries in Asia Pacific as well as the Middle East holding positions from Country Management to the Executive Level with 2 major Oil & Gas service companies. Simon is well versed in compliance, safety, product management and cross functional leadership and brings a strong operational perspective and commitment to the company.

David has over 17 years of investment and commercial experience, spanning corporate advisory, financial control and asset management. He draws on extensive experience gained with top tier global investment managers, holding roles focused on equity research and investment management.

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