Second Acquisition for Triton Group Underlines Growth Strategy

Friday, May 04, 2007
Triton Group announced has acquired Sub-Atlantic Limited. Triton Group is backed by Houston-based private equity company, SCF Partners and supported by Royal Bank of Scotland (RBS). Formed earlier this year, Triton Group aims to create a group of companies focused on providing state-of-the-art remote intervention and control technologies and services. This deal comes hot on the heels of the group’s acquisition of Perry Slingsby Systems (PSS).

Sub-Atlantic employs 40 people with a £12 million turnover and is a market leader in the design and manufacture of small to medium sized electric ROV systems and ROV system components. Formed in 1997, the company has been setting new standards in electric ROV performance. In addition, its hydraulic thrusters are supplied to the vast majority of work-class ROV builds around the globe.

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