Diesel power...down under for Royston

Submitted by on Fri, 27.06.08

Tyneside based diesel engineering company Royston, is forging relationships with companies across the globe.

Specialists in the supply, installation, repair and maintenance of diesel generators and engines for UK and internationally-based clients in the marine, offshore, utility and defence sectors,

Royston has now acquired a permanent foothold in the Southern hemisphere.

In line with the company’s strategy to develop its already widespread international business, Royston has concluded the purchase of PSMS a successful diesel engine repair and maintenance company based near the Australian Marine Complex at Henderson, Perth, Western Australia

 

Working closely with international offshore vessel and tug operators, PSMS currently employs six engineers, and is a good fit with Royston in terms of its customer base and business ethos. 

 

This development will enable Royston to seek and develop the many opportunities that exist in the buoyant Australian market by recruiting both locally, and also by transfer or secondment from the UK.  PSMS maintain substantial modern well equipped workshops which will enable Royston, to gain a firm foothold in the WA market from the outset.

 

Support for Royston’s aim to become a world class competitor in the field of Diesel Power Generation has come from NEL Fund Managers whose original equity investment from the NEL Growth Fund in the company in September 2007 helped pave the way for development and expansion in the UK and subsequently with the current acquisition.

 

Nick Edgar, Investment Executive at NEL Fund Managers, said: “At NEL, we work closely with our existing investee companies to support them with the right funding to assist their growth.  The Perth-based company has a longstanding reputation for customer service excellence and there are many synergies between the two businesses.

 

“This acquisition was a logical one for Royston and the team at NEL were happy to back the business to make this next step into a profitable overseas market.”

 

Lawrence Brown, Managing Director at Royston, comments: “The Royston board strategy is to develop both our UK and International business and the last five years has seen continuous growth. As we had already established a customer base in Australia the setting up of a permanent base was the logical step and we are delighted with the acquisition of PSMS.  

 

“The support we received from NEL has been key. They were prepared to invest in our international development despite only having been involved for a relatively short time.”