3T Energy Group acquires Survivex to fuel global growth
Global technology and training organization, 3T Energy Group, has become the UK’s largest energy sector training provider after acquiring offshore training company Survivex.
This acquisition strengthens 3T Energy Group’s 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.
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 centers that deliver courses to more than 75,000 delegates annually, with significant capacity to expand. In addition to the training and competency management software, e-learning and virtual reality solutions offered by 3T Energy Group, it is also a market leader in drilling, well control and crane operations simulators. This includes the latest 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 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.
“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 and founder of AIS Training, said.
“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,” Mr Stonebanks said.
“We would like to thank our financial partners, Investec, for supporting us through this acquisition,” Mr Stonebanks added.
“The opportunity to join a global group with an ambitious vision was simply too good to miss,” Andrew Green, CEO of Survivex said. “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.”