Triscan Systems Limited management team has today announced a 100% management buyout from previous owner Symphony Equity Investments Limited (SEIL). The MBO is lead by Chief Executive, David Lamont. Ashley Deakin has been appointed as Development Director, whilst Andrea Whittaker and Barry McLeod continue in their roles as Finance and Administration Director and Sales and Marketing Director respectively. The board of directors brings a total of over 40 years of business, technical and market knowledge related to the fuel management arena.
The announcement follows a statement made earlier this year by equity management group, SEIL confirming its belief in the Lancashire based fuel management company. However, following an approach by the management team, SEIL recognised that it was in all parties’ best interests to divest the business through an MBO. Triscan believes that the market drivers for the transport technology sector remain positive albeit against a background of poor economic indicators for business generally. The firm recognises that managing fuel consumption and carbon reduction programmes remain as key strategic imperatives.
Triscan has a number of strengths to enable it to compete successfully in the coming months and years. A new fuel management product range has already been launched and the sales team strengthened to ensure that the customer base continues to be serviced in the most efficient manner.
The new board of Triscan Systems Limited has communicated its confidence in its employees and will be implementing further positive changes to ensure long term success for the benefit of our customers and the team at Triscan.