Survitec Group continues its growth plans with Strategic Acquisition of German Safety Services Business

London, (PresseBox) - Survitec Group Limited, one of the global leaders in critical safety and survival equipment and services, has completed its purchase of Abteilung Seerettung (Life Saving Appliances), part of the larger Gummi Hasenkrug GmbH company in Germany.

The asset purchase will see the transfer of employees and assets at two sites located in Bremerhaven and Emden, furthering Survitec's plans for expansion of its global servicing division.

In the last year Survitec Group has acquired the marine division of Cosalt PLC, and the commercial marine businesses DBC Marine Safety Systems and Zodiac SOLAS. These acquisitions have expanded the global footprint of Survitec's services and distribution centres while increasing the volume and variety of products and services available to Survitec customers.

Simon Withey, CEO, Survitec Group commented on the transaction, "Bringing Abteilung Seerettung into the Survitec Group is an extremely complementary move that reinforces our position in the Servicing market. Both companies understand that today, in our current economic climate, great customer service coupled with experienced and knowledgeable staff is the key to winning and keeping business. I'm excited about the opportunities this will bring for our customers and for our new employees as we look to broaden our product range and servicing capabilities at all our key locations." The Bremerhaven and Emden operations will provide inspection, servicing and sales of multi-branded lifesaving appliances including liferafts, lifejackets, immersion suits and boats. They will also provide fire fighting equipment and Davit inspection services and a range of mooring ropes for marine and industrial use. Customers will also be able to benefit from new liferaft hire and exchange services, recently launched by Survitec Group as part of its new Global Services capability.

Background

Survitec was acquired by global private equity firm Warburg Pincus in 2010. With this support, Survitec is pursuing its global expansion strategy and strengthening its position in the marine, defence and aerospace safety markets through organic growth and through strategic acquisitions within existing and new territories.

Survitec Group Limited

Survitec Group holds market-leading positions worldwide in marine, defence and aerospace survival technology. Headquartered in London, the company employs 2000 people across 8 manufacturing sites and 35 service stations, operating through a network of a further 550 distributors and agents to bring its best-in-class products and services to a global customer base. With an extensive history spanning over 160 years and a portfolio of some of the most reputable brands in the safety and survival industry, Survitec is committed to product innovation, technological advancement and quality assurance.

Key products within Survitec's portfolio include marine, defence and aviation liferafts, world leading submarine escape technology, lifejackets for commercial airlines and the offshore industry as well as pilot flight equipment, including anti-g clothing used for the Eurofighter and JSF programmes. The Group also pioneered marine evacuation technology and today the unique MarinArk system is used on many major cruise ships across the globe.

For more information please visit www.survitecgroup.com

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