Headquartered in Nottingham, UK, Phenna Group's aim is to invest in and partner with selected niche, independent Testing, Inspection, Certification and Compliance (TICC) companies that serve a variety of sectors, ensuring customers' peace of mind by delivering first class testing and assurance services. This acquisition is our 5th deal of the year and expands our presence in the APAC Region, whilst extending our geographic reach into new Regions such as Kingdom of Saudi Arabia, really augmenting our rapidly growing Industrials platform in the Region.
Headquartered in Singapore, Cutech offers wide range of services to Industrial, Commercial & Government Clients across Petrochemical, Process, Oil & Gas, Marine, Cement and Power Sectors. Cutech is an accredited Inspection Body Complying to ISO/IEC 17020 requirements and provides independent Inspection & Expediting Services globally delivered by highly qualified and trained engineers. Cutech also offers a combination of basic and innovative inspection service, distinguishing itself as an advanced NDT provider. Their highly skilled team of specialist technicians are based at various locations across the globe and offer on-site inspections at a local level. They have extensive experience supplying personnel and consultancy services for global assignments and international projects.
N. Arunachalam, Chairman of Cutech commented, "We are very pleased and excited to be joining Phenna Group. This has been a very important strategic decision for Mathi and I. From our first engagement with the Phenna Group team, well over a year ago, it became obvious that their commitment and focus to the continued growth of our business and their differentiated business model was the perfect fit for Cutech. Paul, Eric and their team have acted with great integrity throughout the process and we now believe we will have a strong future together."
Eric D’Orio, Divisional MD, Industrials Division said "It is very exciting to welcome Arun, Mathi and their team to Phenna Group. They have built a very strong business with an enviable reputation for technical capability within the Asian NDT market, which has recently extended to Saudi Arabia. I look forward to working with them both to continue to deliver their ambitious growth plans."
Paul Barry, Founder & Chairman of Phenna Group added, "I am very excited to welcome Arun, Mathi and their experienced team of experts to Phenna Group. The addition of Cutech supports our fast-growing NDT & industrials operations in Asia and now extends our reach into KSA. Their experienced team and extensive capability will allow us to drive efficiency and operational improvements in a fast growing area of our Group."
Phenna Group were advised by RSM Singapore, Avonhurst, N8 Law and Meysan Partners.
Cutech were advised by Red Swan Partners and BR Law.
For further information on Phenna Group, please visit: www.phennagroup.com
For further information on Cutech please visit: www.cutechgroup.com