Premature to define areas of tie-up with Ezion: AusGroup

AUSTRALIA-BASED offshore & marine services provider AusGroup will provide initial help to Ezion Holdings to develop its capabilities, but the scope of their collaboration beyond that is preliminary and unclear.

Speaking to The Business Times, AusGroup CEO Stuart Kenny said that though both companies had come together to leverage on synergies and that they each had ideas on how this collaboration may pan out, it was premature to define the areas of their partnership.

"Initially, they (Ezion) have a need to develop their fuel pump and they also need some project management support, although it is a little bit fuzzy. So these are the two real areas and after that we need to have some further discussions to better identify opportunities because we both have ideas but as yet, they are a little premature for us to discuss outside of our own areas," he added.