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

Synectics
Synectics
Duncan Tift
Duncan Tift
Deputy Editor, West Midlands

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...

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