Generous investment over the past 10 years has led to Seatronics becoming a market leader in the supply and rental of electronic marine equipment to the oil and gas industries, coastal engineering, environmental monitoring, dredging, marine renewable energy and subsea inspection companies.
While the company was founded over 30 years ago, it was the amalgamation of four small companies in 1999 to Seatronics becoming one of the biggest marine equipment rental companies in the world. With offices located around the globe, from Aberdeen to Abu Dhabi, it turned over £28 million last financial year and boasts an annual capital expenditure of more than £3 million.
The steady growth and success of the company became an attractive proposition to UK based investment company, Acteon Group, which acquired Seatronics as its 14th division in July 2007. Acteon has continued to build up the company's equipment stock levels and invest in its bases worldwide.
Subsea equipment rental is the primary reason for the success of the company utilising the latest underwater technology supplied from quality manufacturers to the ROV companies, survey contractors and oceanographic companies. Alistair Coutts, Global Business Development Manager commented: "The products we offer are the latest technological advances in the subsea positioning, hydrographic and oceanographic survey market places. Seatronics takes pride in the fact that we have one of the youngest and largest inventories of equipment available to our clients. The latest advances in subsea equipment can be very expensive to purchase and companies sometimes find it difficult justifying the purchase of equipment for single one off projects so rental is a practical solution."
The company has recently invested heavily in a number of additional high-value Inertial Navigation Systems (INS). While expensive, the technology allows precise X, Y, Z positioning, attitude and robustness during periods of deterioration in GPS navigation saving clients valuable vessel or Rov operation time. Additional expenditure in the latest Sonardyne 6G® long baseline (LBL) equipment, Subsea Gyrocompasses', BlueView Technologies 2D and 3D Multibeam Sonar and the latest advances in Fibre Optic Multiplexer technology has continually been incorporated into Seatronics' extensive rental inventory supporting both local and global construction projects.
The company also invests in its staff; with in excess of 100 employees worldwide, 59 of whom are based within Aberdeen, boast an average annual spend on training of about £50,000. While many of its engineers are recruited straight out of university some staff are recruited from the armed forces, and complete ongoing training whether it be in-house or directly with equipment manufacturers. Mr Coutts said: "We generally put new employees through our own internal training until they reach a level of competence where we are satisfied that we can send them offshore with our rental equipment and provide the highest level of service our clients require."
Those who are involved with the servicing and maintaining of equipment and offshore support are educated to a minimum HND or degree level in electronics or mechanical engineering.
Seatronics accredited to ISO9001:2008, take their quality assurance and health and safety issues seriously and all employees undergo full training and understanding of the company's QA and HSE policies.