News Archive

  Companies operating in the Asia Pacific region can now tap into the oil and gas subsea technology and services expertise of Triton Group as the company initiates a major corporate expansion into the marketplace. 

Triton will announce today (Tuesday December 2) that it is investing in a stronger business presence in Singapore to widen the capabilities and encompass all group businesses, including Perry Slingsby Systems, Sub-Atlantic, Dynamic Positioning Services (DPS), UK Project Support (UKPS), Subco and Visualsoft.   

The Group's Singapore subsidiary Cynergetix is already an established ROV support provider already servicing Triton customers operating across Asia.  This new move will provide customers in the region with access to the full portfolio of Group companies with further expansion to support the remaining businesses, Geoscience Earth and Marine Services (GEMS) and VMAX Technologies expected to take place throughout 2009. 

The Aberdeen-based Group has driven forward its strategy of becoming a global market leader with the acquisition of eight companies in deals totaling more than £100million since its formation in 2007. 

Led by newly appointed regional director Bruce Lokay, with support from regional managers Stuart Kendall and Frank Crighton, the first stage of expansion will begin operations on January 1, 2009. 

The regional expansion in Asia will be launched with a combined rental and spare parts inventory of over $3million (USD) with plans to expand this capacity to over $5million in 2009. It will offer a range of specialised deepwater tooling systems and equipment for sale or rental from across the spectrum of the Group companies, plus technical support and recruitment services for oil and gas customers. 

"The international expansion underlines a confidence in Triton's growth prospects in the rapidly growing subsea oil and gas sector", says chief operating officer, Dave Sturrock. 

“The Asia-Pacific region presents considerable opportunities and is expected to enjoy  further growth. Following the successful opening of our Houston operation, Singapore is the next phase in our growth strategy and we are excited in bringing our expertise to this significant marketplace,” he added. 

Martin Anderson, chief executive officer stated, "This expansion is the next step in our strategy to provide the best value customer support in key business regions and continues the development of a global model.  The success of Cynergetix and the growing level of business activity for Triton Group in Asia Pacific underpins the confidence we have to continue investing in the region." 

Triton Group is an international group of businesses offering a range of control system based products and systems with complementary services. Products include the widest range of market leading electric and hydraulic ROVs for inspection, survey and light intervention applications through to deepwater heavy construction applications. The group also offers a comprehensive range of ancilliary remote intervention products and tooling systems as well as operational services such as training programmes, offshore personnel recruitment, equipment rentals, management and servicing. ENDS (02/12/08) 

Issued on behalf of Triton Group by The BIG Partnership. For more information contact Laura Grant on +44 1224 615010 or +44 7813 880496.