The seven figure deal reinforces 3t's growth plans both in the UK and globally where it offers world-leading training through its businesses Drilling Systems, AIS Survivex, 3t Transform and 3t EnerMech.
With training bases in London, Manchester and Glasgow and a team of 31, UCT supports major utility groups across the whole of the UK. UCT is the only organisation that offers industry-accredited Energy Transmission and Distribution courses in the UK, and is one of a few providers that offer training across the whole utility sector. The combined expertise of UCT and 3t will accelerate the offering of the Group in the wider energy market and support its UK and global client-base in the move to Carbon Zero activities, as well as supporting the UK's decarbonisation roadmap to up-skill and re-skill workforces.
3t Energy Group is backed by specialist private equity firm Bluewater Energy and the move comes as the Group continues to focus on an ambitious growth strategy, with internationalisation and market diversity at its heart. With the training and development of people being as important as ever, the acquisition will ensure workforces in safety critical roles across the energy and utilities sectors meet the highest levels of safety, compliance and competence.
-- Advertisement --
Commenting on the acquisition, 3t Energy Group CEO, Kevin Franklin, said: "UCT and its strong track record provides a fantastic opportunity to combine our transformational training capabilities in the energy and utilities sector and will grow our existing presence throughout the UK. The acquisition will ensure UCT's client base will have access to market-leading safety, skills, and technical training which there is a stronger than ever demand for.
"In particular, this acquisition highlights our commitment to the wider energy sector with training and development recognised as being key to ensuring we have a world class UK energy workforce. This is exactly what we offer at 3t through our businesses; the very best in class training and immersive learning solutions for our customers and clients, for a safer, smarter and more efficient workforce of the future."
John Killen, CEO of UCT, added: "UCT's strong presence within the utility market, in addition to the long-standing relationships it has developed with some of the sectors' major organisations, makes this a highly logical acquisition for both businesses. The technology and innovation that 3t adds to our service offering will ensure we can continue to support our customers in all areas of training as well as new immersive technologies whilst providing excellent training facilities as we expand throughout the UK."
Martin Somerville, Bluewater, added: "We are delighted to support another successful acquisition for 3t Energy Group. This deal expands their portfolio of services within the infrastructure and utilities sector and it is tremendously exciting to see 3t continue to expand their capabilities in this space."
The acquisition was advised and managed by Womble Bond Dickinson (UK) LLP.
