Two Adelaide tech firms with deep roots in defence, ag and mining have merged
Consilium technology and elmTEK have merged, creating a new company focused on playing a larger role in Australia’s defence future.
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Adelaide tech firms Consilium Technology and elmTEK have merged, creating a company with more than 160 staff and experience across disciplines including software engineering, systems integration, digital sensors, simulation and AI.
The merger has been backed by growth investor Pemba Capital Partners, with the new entity to announce its new name and brand soon.
Consilium chief executive Seth Thuraisingham said the new group’s capabilities in sensors, simulation and AI were critical to solving defence challenges, improving productivity in agriculture and lowering costs and improving margins in medium to large enterprises.
“With growing global uncertainty in national security, food production and other social elements such as rising inflation and Covid-19 impacts, the strengthened capabilities through this merger will provide industries with tools to improve predictability,’’ he said.
“Technology like AI and sensors are akin to prediction machines that can deliver competitive advantage against emerging threats in the defence environment, improved yields in agriculture and automated knowledge work in enterprise.
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“We’re excited about the competitive advantage that the combined capabilities of elmTEK and Consilium can provide for Australian industry, and the opportunity to grow the export of our Australian-owned intellectual property and products to international markets.’’
elmTEK co-founder and managing director Ganen Ganeswaran the merger was a sign of the growing maturity of Australia’s digital defence sector.
“Over the past 10 years, we’ve proven ourselves and built a truly fantastic business focused
on solving mission critical problems at pace for defence and other customers,’’ Mr Ganeswaran said.
“The two companies have experienced significant growth in the past decade, and this
merger with the support of Pemba demonstrates a real maturation of Australia’s digital
defence sector.
“Our wish has always been to grow a sustainable and resilient business in South Australia,
and this merger will allow us to continue on that trajectory.”
Professor Tanya Monro, chief defence scientist, said defence had an ongoing and
successful working relationship with both Consilium and elmTEK.
“Innovation – to grow and sharpen Defence capability – must deliver advantages for
Australia quickly, tangibly and enduringly,’’ Dr Monro said.
“It is good to see Australian Defence Industry supporting and accelerating the development of disruptive technologies beyond the research and initial demonstration stages.
“Previous Defence Science and Technology Group partnerships with both elmTEK and
Consilium are great examples of Defence working alongside Australian Defence Industry to
transfer ideas through to commercialisation,”
The newly merged group will remain Adelaide-based.
Originally published as Two Adelaide tech firms with deep roots in defence, ag and mining have merged
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