DYNAMIC POSITIONING SERVICES JOINS GLOBAL SUBSEA TECHNOLOGY GROUP

  Aberdeen-based Dynamic Positioning Services Ltd (DPS) has been acquired by Triton Group Holdings for an undisclosed sum. This is the seventh acquisition for UK-based Triton Group Holdings since forming in 2007 with an ambitious strategy to build an international group of businesses offering a range of subsea technology and associated services. 

DPS is a market leader in the sale, rental and repair of marine electronic equipment. Established in 1989 by managing director, Elaine Grant, the company has a turnover of £14million with 30 employees and works with some of the leading oil and gas companies around the world. 

“DPS has a strong brand and an established reputation and will enhance our equipment rental offering, giving us a critical mass in the rental of underwater technology products,” said Martin Anderson, chief executive officer of Triton Group Holdings. “DPS is a highly successful company with a talented workforce and attractive customer base. Their entrepreneurial spirit fits well within the group, which aims to harness the existing strengths and identity, innovation and customer base of all our companies, and develop them further through both organic growth and acquisition.” 

Elaine remains as managing director of DPS and becomes a shareholder in Triton Group Holdings. She said: “Being part Triton Group with its financial muscle and global coverage will enable us to accelerate our growth and achieve our ambition of becoming a global market leader.” 

Backed by Houston private equity firm, SCF Partners and supported by the Royal Bank of Scotland, Triton Group Holdings has acquired six other companies – Perry Slingsby Systems, Sub-Atlantic Limited, UK Project Support Ltd, Subco, Cynergetix Pty Ltd. and Geoscience Earth and Marine Services Inc (GEMS) in deals worth in excess of $140 million. 

Mr Anderson concluded: “With a breadth and depth of capability Triton Group now specialises in the design, development, manufacture, sale and rent of remotely operated technologies and their system’s components. We also offer engineering support, training and the supply of qualified technical personnel. “We now have a well balanced business model with a global spread of complementary companies.” 

Ends (24/03/08) 

Issued on behalf of Triton Group Holdings by The BIG Partnership. For more information contact Zoe Corsi on 01224 578172 or 07973983243.   

TRITON GROUP STRENGTHENS TEAM WITH KEY SENIOR APPOINTMENTS

International remote intervention technologies and services company Triton Group Holdings (Triton) has reinforced its commitment to its ongoing growth strategy with two key appointments at its Aberdeen headquarters.

Euan Leask joins Triton as new corporate development director responsible for leading the Group towards further expansion and acquisitions. A graduate of Aberdeen University and Strathclyde University, Mr Leask holds an MA (Hons) in Economics and Politics and a Postgraduate Diploma in Accounting and qualified as a Chartered Accountant in 1998 with Deloitte in Aberdeen. Since leaving the accountancy profession, he has pursued a career in acquisition finance initially with HBOS, before moving to RBS to head up their city-based structured finance team. While there, Mr Leask established his team as the Aberdeen market leader in the provision of acquisition finance, completing over 45 MBOs and acquisitions in three years.

Mr Leask said: “I am looking forward to the challenges this new and exciting post will bring, and hope my experience will further enhance the Triton Group’s growing international standing. Aberdeen has a reputation for nurturing successful companies and I believe Triton is ideally positioned to build on its already impressive growth and become a real global leader.”

Triton has also appointed Allan Pirie chief financial officer after previously holding senior financial and commercial positions with organisations across the oil and gas sector. A qualified chartered accountant, Mr Pirie graduated from The Robert Gordon University with a BA (Hons) in Business Studies and later trained and qualified as a CA with KPMG.

The Westhill-headquartered business has experienced excellent growth since it was formed at the start of 2007. Triton aims to create a group of companies focused on providing state-of-the-art remote intervention and control technologies and services and has carried out five acquisitions in the past year including Perry Slingsby Systems and Sub-Atlantic - both market leaders in remotely operated technologies to the offshore industry.

Triton chief executive officer Martin Anderson said: “Alongside the other investments we have made to bolster our business in the past year, these key appointments are vital to the continued successful implementation of Triton’s ongoing growth strategy. Allan and Euan bring a wealth of experience in deal making and financial engineering that will be vital in producing long term substantial growth. I welcome them to Triton Group and we look forward to interesting and exciting times.”

Triton 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.

 

END (14.02.08)

 

Issued on behalf of Triton Group Holdings by The BIG Partnership. For more information contact Zoe Corsi on +44 1224 578172 or +44 7973983243

  VICE PRESIDENT APPOINTED TO LEAD GROWTH OF TRITON GROUP IN US

International remote intervention technologies and services company Triton Group Holdings (Triton) has appointed Steve Rampton to the position of Vice President with specific responsibilities to develop opportunities for controls technology application.  The position will be Houston based. 

Steve is a leading professional with more than 30 years experience in the oil and gas industry. Prior to joining Triton he was corporate business development manager for Helix Energy Solutions Group and spent several years working in the survey industry, most recently as the Americas regional director for Thales Geosolutions prior to the company’s acquisition by Fugro in 2003.  

Triton chief executive officer Martin Anderson commented “ With over 60% of the Group’s revenues being generated out of the US, we have a strong platform from which to develop new initiatives and business.  Steve will work on acquisition projects as well as retaining operational responsibilities for the new business initiatives. We are delighted to welcome Steve to the Group as it enters another exciting year of development and growth.” 

Triton 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 ancillary remote intervention products and tooling systems as well as operational services such as training programmes, offshore personnel recruitment, equipment rentals, management and servicing.

ENDS (14.02.08)

 Issued on behalf of Triton Group Holdings by The BIG Partnership. For more information contact Zoe Corsi on +44 1224 578172 or +44 7973983243