Rain Belfast Hi 16 °C | Lo 9°C

Equipment firm buoyed by deal

Thursday, 2 September 2010

Doug Baxter, chief executive of Survitec Group, (right) announced the group?s acquisition of Seaweather. Its managing director Richard George (left) will stay on at the business

Doug Baxter, chief executive of Survitec Group, (right) announced the group?s acquisition of Seaweather. Its managing director Richard George (left) will stay on at the business

A survival equipment group with a base in Co Antrim has announced a new acquisition.

Survitec, which employs 252 people at RDF Beaufort in Dunmurry, bought the business of Seaweather (Parker Knight Holdings) for an undisclosed sum.

Seaweather carries out sales and servicing of marine and aviation survival equipment across sites in Kent, Southampton and Liverpool. Customers include P & O, Carnival, Stena Line, Thomson Airways and Agusta Westland helicopters.

Doug Baxter, group chief executive of Survitec, said: "Bringing Seaweather within the Survitec Group is an important step in expanding our service and distribution business globally.

"Seaweather has built an excellent reputation with their customer base for high levels of quality service around the clock, 365 days a year.

"We will look to enhance and expand their activities to ensure we offer our customers an unrivalled level of service."

The company said Seaweather managing director Richard George would remain to help Survitec grow the business.

Survitec Group, which has operated for over 160 years, employs 1,270 people in Dunmurry, London and six manufacturing sites working on marine, defence and aerospace survival technology.

Key products include marine, defence and aviation life rafts and pilot flight equipment.

The group has also developed pioneered marine evacuation technology with its Marin Ark system used on many major cruise ships.

Seaweather's product range includes life rafts, location equipment, distress signals, sea lights and life jackets.

The company also services life rafts and has a large range of life rafts for hire.

Survitec's rapid profit growth earned it a place on this year's Sunday Times Pricewaterhouse Coopers Profit Track 100.

American private equity house Warburg Pincus backed a buy-out of the company for £280m in January.

Lisburn Mayor's Awards for Volunteering

Lisburn Mayor's Awards

Accountants celebrate All-Ireland CIMA birthday

All-Ireland CIMA birthday

Northern Ireland Tourism Awards 2012

Northern Ireland Tourism Awards

Janus Hospitality Awards 2012

Janus Hospitality Awards 2012

Charity Ball at Titanic Belfast

Charity Ball at Titanic Belfast

Tele Business Awards gala 2012

Business Awards 2012

NI Chamber of Commerce Dinner

NI Chamber of Commerce Dinner

Ulster Restaurant Awards

Ulster Restaurant Awards

In Pictures: Belfast MAC launch

In Pictures: Belfast MAC launch

In Pictures: Directors dinner Belfast

In Pictures: Directors dinner Belfast

40 richest people in Northern Ireland

Northern Ireland 40 richest people

In Pictures: CIPR PRide Awards

In Pictures: CIPR PRide Awards

Pub of the Year Awards

Digital Advertising Awards Gala

Digital Advertising Awards Gala

Digital Advertising Awards Gala

Top 100 Companies - 2012

February 2012

Belfast Telegraph Business Month

When you visit this website www.belfasttelegraph.co.uk, we use cookies to enhance your browsing experience and serve you with advertisements which might interest you.

To find out more about cookies and how to manage them Click Here


Business Digest by Email


Sign up for your free weekly business newsletter

Latest Comments