Hayward Tyler appoint new Group Managing Director
2008.07.04 -
Company News
In 2006 Southbank (UK) plc acquired Hayward Tyler Group Ltd, a leading manufacturer of pumps and motors for the power generation and oil and gas industries. In its latest figures, Southbank reported revenues of £24.7million for Hayward Tyler with an order book of almost £50million – 80% of which is derived from export markets.
David has over 20 years experience in the power and electrical manufacturing industries and joins Southbank from Cressall Resistors Limited, a former Halma Group plc subsidiary, where he served as Managing Director since 2004. There he successfully tripled the company’s revenues and managed the sale and subsequent merger of two UK based competitors. Previously, David was Sales Director of MAN B&W Diesels Ltd and Operations Manager at Chloride Safety Systems having spent the early part of his career as an Operations Manager in GEC.
Ewan Lloyd-Baker, CEO of Southbank UK, commented:
“We are pleased to welcome David to the team. We are striving to further establish Hayward Tyler as a world leader in pump and motor technology and expand its global presence. With David’s operational and managerial expertise, as well as his experience in managing growth businesses and developing overseas partnerships, he is an invaluable addition to our team.”
Petroleum Geo-Services ASA ('PGS' or the Company) announced today that it has entered into a definitive agreement to acquire Applied Geophysical Services, Inc. (AGS) for a price of USD 51 million, subject to certain adjustments for changes in working capital. PGS estimates an enterprise value for AGS of approximately USD 46 million. AGS is based in Houston, Texas and specializes in providing advanced depth imaging services. The transaction is expected to close during the course of this week.
Total announces the acquisition of a 40% interest in three exploration permits northeast of Ichthys on the Australian Browse Basin jointly with Inpex (60%, operator). These interests were held by ConocoPhillips. This acquisition is subject to the approval of the Australian authorities.
Rowan Companies, Inc. (NYSE:RDC) announced today that it has entered into contracts with Keppel AmFELS, Inc. for the construction of four Super 116E class jack-ups. The rigs will be built at AmFELS' Brownsville, Texas shipyard, with delivery scheduled at approximately four-month intervals beginning in the second quarter of 2010.
Gaz de France has acquired a 45% stake in the Alam El Shawish West licence in Egypt from Vegas Oil & Gas.
Trico Marine Services, Inc. (NASDAQ: TRMA) ("Trico") and Active Subsea ASA (NOTC: ASUB) ("Active Subsea") today announced that Trico intends to make a voluntary offer for all outstanding shares, options and warrants of Active Subsea.
