CSE Global acquires the Astib Group
International technology group, CSE Global, has acquired specialist telecommunications organisation, the Astib Group. The acquisition provides a base for CSE Global to expand their activities in the Australian telecommunications sector. Operating from a network of offices throughout Australia, Astib tailors telecommunication solutions, engineering, procurement, construction, rental and whole of life maintenance services for the mining, oil and gas, transportation, industrial and public sectors. Astib has a presence in the mining and the oil and gas markets and has established business relationships with customers such as BHP Billiton, Woodside, Rio Tinto and BP.
CSE Global Expansion Plans
CSE Global has a network of 1500 staff operating more than 30 offices in 20 countries. It has acquired several companies over the past 10 years, securing growth in new sectors and regions. "We are a technology company operating in four areas – automation, telecommunications, environmental sectors and health care systems. This year we took the decision to invest more in Australia and the first part of that was the acquisition of Astib" CSE Global group managing director Alan Stubbs said.
An Australian based company, Astib formed in 1995 and fast became a leading communications provider, delivering system integration services on small scale networks and major projects. Astib also owns one of Australia’s largest and most up to date fleet of rental communications systems and serves customers across a broad range of industries. The acquisition enables both groups of companies to grow within the Asia Pacific region. It also enables global expansion for the Astib Group of companies, by joining forces with the Singapore communications arm of CSE TransTel, who were previously looking to expand their operations into Australia. "CSE TransTel will merge with the Astib group to focus on expansion into the Australian market“, said Roy Rowe, chief executive of the CSE Global Australia and NZ operations.
“CSE Global is investing heavily in Australia over the next few years and we have quite ambitious growth plans for Australia. We plan to acquire more businesses in Australia to address the automation, engineering and service elements of the key growth sectors in Australia.’ Stubbs said.