The acquisition forms part of Survitec’s key growth strategies, expanding its service station footprint by adding two new attractive offshore locations in Yarram, Victoria and Townsville, Queensland. The deal also improves the Group’s capability in lifeboat and davit servicing and establishes valuable customer relationships in the offshore sector of a region demonstrating accelerated growth.
Focusing on the commercial marine and offshore markets, Survival Offshore Systems was established in 1987 and was for many years the only domestic operator providing lifeboat and davit servicing throughout Australia. Today the business’s primary activities are focused on the inspection, repair and maintenance of lifeboats and davits across the whole Australasian region. The business also offers a range of other LSA products and services that includes liferafts, lifejackets, breathing apparatus, high pressure compressors, Fast Rescue Craft and EPIRBS.
This deal compliments the recent acquisition of Survival Craft Inspectorate by adding new customers and new geographic markets for lifeboat and davit maintenance and inspection. With immediate effect, Survival Offshore Systems will be integrated and renamed into the Survitec Group brand.
Craig Johnson, Managing Director of Survitec Group Australia commented on the new business: “Survival Offshore Systems is a highly regarded lifeboat and davit service provider in the marine and offshore markets. Combining SOS’s service capabilities with Survitec Group’s product and service capabilities will enable us to provide unique and competitive Total Survival Solutions to our customers in the marine and offshore markets.”
Managing Director of SOS Steven Mathews added: “I welcome the opportunity for SOS to join our four service sites in the region with Survitec Australia and bring the lifeboat and davit service offering to the Survitec Group. I am excited to be part of the Survitec Group expansion plans and look forward to the integration process across the Australia and Pacific region.”