Air Energi completes buyout of Pacifica HR

THE Air Energi Group has completed the business acquisition of Pacifica HR, a Port Moresby-based recruitment company.
The new business will trade under the name of Air Energi Pacifica Ltd.
In a statement, Air Energy Group said Pacifica HR was a market-leading supplier personnel and workers in Papua New Guinea.
Formed seven years ago, the business lists the major PNG public and private sector companies as its clients which included major government departments within the PNG legislature and several of world’s largest mining and energy companies.
Ian Langley, the Air Energi Group chairman, said: "Duncan Gregson, the Air Energi chief executive officer, our private equity investor Zeus and myself believe this acquisition is particularly important.
"Some of our major clients have announced plans to build world-scale liquefied natural gas facilities in PNG.
"Estimated capital expenditure over the next decade is at least US$20 billion (K54 billion).
The combined businesses of Air Energi and Pacifica HR will provide turnkey manpower services solutions to these projects, as well as developing the other current business streams of Pacifica HR, Mr Langley said.
"These services are key given, the geopolitical challenges of working within one of the last true energy frontiers,” he said.