Surveillance group Synectics looks for Far East growth with £2m acquisition

WARWICKSHIRE-based security and surveillance group Synectics has expanded its overseas operation with the £2.1m acquisition of a company in Singapore.

Coex Services Asia Pte Ltd supplies surveillance systems in the Far East, primarily to the oil & gas sector. In its audited results for the year ended December 31, 2012, CSA reported a pre-tax profit of £0.2m on revenue of £2.4m and net assets of £0.9m.

Synectics has held a 20% interest in CSA since 2004. The Singapore subsidiary of the Studley-based group ... For the full story register now for free or login below...