Dynamic Positioning Services joins Global Subsea Technology Group
  by: OilOnline
  Monday, March 24, 2008

Aberdeen-based Dynamic Positioning Services Ltd (DPS) has been acquired by Triton Group Holdings for an undisclosed sum.

This is the seventh acquisition for UK-based Triton Group Holdings since forming in 2007 with an ambitious strategy to build an international group of businesses offering a range of subsea technology and associated services.

DPS is a market leader in the sale, rental and repair of marine electronic equipment. Established in 1989 by managing director, Elaine Grant, the company has a turnover of £14million with 30 employees and works with some of the leading oil and gas companies around the world.

"DPS has a strong brand and an established reputation and will enhance our equipment rental offering, giving us a critical mass in the rental of underwater technology products," said Martin Anderson, chief executive officer of Triton Group Holdings. "DPS is a highly successful company with a talented workforce and attractive customer base. Their entrepreneurial spirit fits well within the group, which aims to harness the existing strengths and identity, innovation and customer base of all our companies, and develop them further through both organic growth and acquisition."

Click here for more of Today's News Headlines