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General: VT TSS bought by its own management

Posted on 11.06.2005 - 04:15 EDT in GENERAL NEWS by Rons_ROV_Links

TSS (International) Ltd has been formed following a successful Management Buy Out of VT TSS Ltd from the VT Group plc.

Building upon recent successes, the strategy of the company’s new owners will continue to be one of growth through its expanding range products & services that are sold under the TSS and SG Brown brand names.

Under its new ownership the Board of Directors for TSS (International) Ltd consists of Terry Madden, Chairman; John Frost, Managing Director; Angela Suggate, Finance Director; Steve Cowls, Technology Director; and Guthrie Robertson, Business Development Director.

TSS supplies high integrity products into the Marine, and offshore Oil & Gas markets including motion sensors, pipe and cable detection systems, gyrocompasses and ships’ steering systems. The new company will continue to increase investment into R & D to further the technological leadership of its products.

Coupled with its worldwide representative network, TSS (International) Ltd will continue to operate from its headquarters at Watford, England with offices at Aberdeen, Scotland & Houston, USA.

June 3, 2005

TSS (International) Ltd.

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