Sharpland Investments Ltd (Hong Kong) has made an agreement to purchase 25% of the shares of Atol Avion Oy Ltd (Finland). In connection to this arrangement Sharpland Group becomes the sole agent of Atol Avion in China and South East Asia. The ownership of Sharpland in Atol Avion is arranged by issuing new shares to Sharpland.
This arrangement secures the ramp up of serial production of ATOL 650 LSA amphibian airplane in Finland and at the same time enables efficient sales of ATOL products on the growing markets of China and South East Asia. ATOL 650 LSA is a significant Finnish innovation that uses a wood-composite structure having advanced technical properties while being ecological at the same time. E.g. the critical weight factor and payload of ATOL 650 LSA is the best in LSA amphibian class in the world.
Atol Avion reported this on 17th of April on their web page.
