ROVworld Subsea Information

Triton Groups expands again with fifth acquisition
Date: Tuesday, October 16, 2007 @ 13:00:00 EDT
Topic: GENERAL NEWS


Triton Groups expands again with fifth acquisitionAberdeen-based Triton Group has bought privately-owned Singapore outfit Cynergetix for an undisclosed sum.

Triton Group was established earlier this year and aims to create a group of companies focused on providing state-of-the-art remote intervention and control technologies and services.

This latest deal is the fifth for Triton in recent months. It follows the group's acquisition of Perry Slinsby Systems (PSS), Sub-Atlantic, UK Project Support Limited (UKPS) and Subco.

Privately-owned Cynergetix has been a partner of PSS operating in the Asia Pacific region since 2005. The company has a S$5 million (US$3.4 million) turnover and provides remote intervention equipment, support, training and rentals.

Triton boss Martin Anderson said: "The acquisition of Cynergetix gives Triton Group the infrastructure to develop a comprehensive engineering and equipment service centre in south-east Asia."






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