3T Energy Group Buys Survivex
Global technology and training organization, 3T Energy Group, announced Thursday that it has become the UK’s largest energy sector training provider after acquiring offshore training company Survivex.
3T Energy Group said the acquisition strengthens its global offering and is part of its strategy to “transform the training sector with technology to enable people and companies to work safer, smarter and more efficiently”.
“Survivex has an outstanding reputation and we are delighted to add its expertise to the 3T Energy Group,” Paul Stonebanks, president of 3T Energy Group, said in a company statement.
“This acquisition will see 3T Energy Group grow to more than 300 personnel with annual revenues in 2019 expected to be around $65 million (GBP 50 million) and offices across the world including London, Houston, Dubai and China,” he added.
“Acquiring Survivex will allow us to achieve our long-term growth plans and help our client base to reduce costs while increasing safety. Globally the 3T business aims to leverage its expertise, working with strategic partners, to implement technology solutions to enhance performance in the energy sector,” Stonebanks continued.
No job losses will occur as a result of the deal, according to Stonebanks, who told Rigzone that 3T Energy Group is anticipating job creation as part of its global growth plans.
Andrew Green, CEO of Survivex, said, “the opportunity to join a global group with an ambitious vision was simply too good to miss”.
“We are extremely proud of all that Survivex has achieved and are now looking forward to integrating our businesses. I’m very much looking forward to the start of this new journey and all that the future holds,” he added.
3T Energy Group was formed earlier in 2018 by bringing together expertise from AIS Training and advanced simulator developer, Drilling Systems. The group has three other UK training centers that deliver courses to more than 75,000 delegates annually.
Survivex, which is based in Aberdeen, has been in operation since 2011, but has a training history that spans two decades, according to its website. The company has an additional office in Dubai.
WHAT DO YOU THINK?
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.