USD 100 million bond issuance for security specialist 3t to finance further acquisitions and global expansion

Security training specialist 3t has raised $100 million through a bond offering on the Norwegian Stock Exchange and plans to use the money for acquisitions and expansion around the world.

Grupa 3t offers safety training, technologies and simulation systems for the energy, maritime and industrial sectors. The ambitious group, which owns Aberdeen-based 3t Training Services, formerly AIS Survivex, now plans to “pursue planned strategic acquisitions designed to enhance its growth trajectory, competitiveness and ongoing commitment to innovation”.

Kevin Franklin, CEO of 3t, said: “Our successful bond issuance is a pivotal moment for 3t as we continue to deliver on our ambitious growth goals through 2024 and beyond.”

He added: “This funding will provide us with the resources necessary to capitalize on the strategic opportunities we have on the horizon, complementing our existing capabilities. These plans will accelerate our expansion into emerging markets, ultimately strengthening our industry leadership position.”

3t is already backed by specialist investor Bluewater, whose partnership has helped the company achieve revenues of almost $100 million.

Franklin added: “This financing highlights investor confidence in 3t, our growth prospects and strategic vision.

“We are excited about the opportunities we have in store for this year and beyond, and we remain committed to creating value for our customers around the world and continuing to lead in solving international skills shortages through our best-in-class training and solutions educational.”

3t established cooperation with Arctic Securities and Pareto Securities as co-authors of the bond transaction. The bonds will be listed in Oslo.