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Survitec Stage: LBOs and Special Situations Year of Investment: 2010 Web Site : http://www.survitecgroup.com/
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Headquartered in the UK, Survitec is the global market leader in the design, manufacturing and servicing of mission-critical safety and survival equipment. With an extensive history spanning over 160 years and a portfolio of some of the most reputable brands in the safety and survival industry, Survitec is committed to product innovation, technological advancement and quality assurance.
The company supplies a broad product range, including life rafts, life jackets, marine evacuation systems, pilot flight equipment, submarine escape suits, and air-beam shelters, to more than 7,000 customers worldwide in the highly regulated marine, defence, aerospace and offshore oil and gas markets. The company operates through a global manufacturing, distribution and service network.
Since Warburg Pincus’ acquisition of the company in February 2010, the company has completed four add-on acquisitions. In August 2011, Warburg Pincus recruited Paul Lester, former CEO of VT Group Plc, as the new Chairman and in 2012, Simon Withey was appointed as Chief Executive.
