M&A Deal Summary

Survitec Group Acquires Marine business/Cosalt/

On May 3, 2011, Survitec Group acquired marine company Marine business/Cosalt/ from Cosalt Offshore for 31M GBP

Acquisition Highlights
  • This is Survitec Group’s 2nd transaction in the Marine sector.
  • This is Survitec Group’s largest (disclosed) transaction.
  • This is Survitec Group’s 1st transaction in the United Kingdom.

M&A Deal Summary
Date 2011-05-03
Target Marine business/Cosalt/
Sector Marine
Buyer(s) Survitec Group
Sellers(s) Cosalt Offshore
Deal Type Divestiture
Deal Value 31M GBP

Target

Marine business/Cosalt/

Aberdeen, United Kingdom
Marine business/Cosalt/ supplies a range of marine safety equipment including liferafts,lifejackets and immersion suits and also provides a number of associated services to customers serving the marine industry from a network of locations in the UK and mainland Europe.

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Buyer(S) 1

Buyer

Survitec Group

London, United Kingdom

website

Category Company
Founded 1920
Sector Safety/Security
Employees3,000
Revenue 370M USD (2014)
DESCRIPTION

Survitec Group is a manufacturer of personal survival equipment for usage after ejecting from aircraft. The Company was originally established in 1920 and is headquartered in London.

DEAL STATS #
Overall 2 of 3
Sector (Marine) 2 of 2
Type (Divestiture) 1 of 1
Country (United Kingdom) 1 of 1
Year (2011) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-01 Survitec Survival Products

Jacksonville, Florida, United States

Survitec Survival Products, Inc. is a distributor of marine survival products and solutions to the commercial maritime industries in North America.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-06 Hansen Protection

Moss, Norway

Hansen Protection is design and production of textile products safeguarding people, property and the environment. Hansen Protection was founded in 1976 and is based in Moss, Norway.

Buy -

Seller(S) 1

SELLER

Cosalt Offshore

Aberdeen, United Kingdom

website

Category Company
Sector Oil/Gas Exploration
DESCRIPTION

Cosalt Offshore is a leading provider of equipment and technical services in the sectors of lifting, tooling, safety at height and maritime sectors of the offshore oil & gas industry.

DEAL STATS #
Overall 1 of 1
Sector (Marine) 1 of 1
Type (Divestiture) 1 of 1
Country (United Kingdom) 1 of 1
Year (2011) 1 of 1
Size (of disclosed) 1 of 1
Mergr

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