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 strategically-located UK training centres that deliver courses to more than 75 000 delegates annually, with significant capacity to expand. In addition to the world-class training and competency management software, e-learning and virtual reality solutions offered by 3T Energy Group, it is also market leader in drilling, well control and crane operations simulators. This includes the latest revolutionary mobile On-The-Rig (OTR) and MultiSIM simulators that drive competence assurance and compliance in the energy sector.
Survivex is an ideal fit for 3T Energy Group. Established in 2011 it has grown to become one of the UK’s leading training providers with world-class facilities located in Aberdeen. The transformational acquisition will allow 3T Energy Group to widen its course portfolio, increase availability and deliver better value for its customers.
Paul Stonebanks OBE, President of 3T Energy Group and founder of AIS Training, said: “Survivex has an outstanding reputation and we are delighted to add its expertise to the 3T Energy Group.
“This acquisition will see 3T Energy Group grow to more than 300 personnel with annual revenues in 2019 expected to be around £50 million and offices across the world including London, Houston, Dubai and China. 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.
“We would like to thank our financial partners, Investec, for supporting us through this acquisition.”
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.”
Read the article online at: https://www.oilfieldtechnology.com/special-reports/01112018/3t-energy-group-acquires-survivex-to-fuel-global-growth/