Sheffield based Technology Group, CSE-Global (UK) Limited is continuing its expansion through the acquisition of Tynemarch Systems Engineering Limited, a technology-led consultancy to the water and environmental management industries.
Tynemarch, employing over 30 staff and operating from offices in Dorking, Surrey, provide a wide range of software development and consultancy services including asset management, water resources and supply optimisation, leakage management and water industry research.
CSE said that Tynemarch’s business will provide a base for CSE (UK) Group to further expand its existing activities within the water and environmental management sectors. Tynemarch has a strong presence within a number of the UK’s water companies and is looking to expand its sphere of operation into the Oil & Gas markets - the company is therefore a close strategic fit with the CSE (UK) Group as well as other CSE Global Group companies.
CSE (UK) annualised turnover exceeds £45 million and the acquisition of Tynemarch will increase this by a further 5%. CSE said the expanded business will provide increased capability to target further growth and expansion whilst enhancing customer offerings.
CSE (UK), which currently employees over 400 people, is a member of the Singapore based CSE Global Limited and is responsible for representing and managing CSE’s activities in Europe, the Middle East and Africa.
Commenting on the deal, Alan Stubbs, Group Chief Executive Officer for CSE-Global Limited said:
“I am delighted that Tynemarch has agreed to join the CSE (UK) Group of companies, Tynemarch will become a key part of CSE’s expansion and we intend to invest further and grow the business providing career development opportunities in the United Kingdom and other parts of the world where CSE operates”.
Jeremy Lumbers, Managing Director of Tynemarch, added:
“We are very pleased to become part of the CSE (UK) Group which will provide Tynemarch with exciting opportunities for growth in the UK and export markets, as well as benefiting our existing customers with an enhanced range of services and systems. The Company will continue to operate from the existing offices under the current management.”
CSE Global Limited is an international technology group listed on the Singapore Stock Exchange. Over the last decade, CSE has transformed itself to be a truly global organisation with over 1700 employees worldwide. The CSE group of companies has been very successful in offering cost effective, totally integrated solutions to industries in the Automation, Telecommunications, Healthcare and Environmental Sectors.
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