Technor ISIS gets new name, owners

Technor ISIS’s MD Howard Gould and financial director John Hollis have completed a management buy out (MBO) of the company from Technor AS. The company now trades as iSiS-Ex Ltd.

Offshore staff

LEEDS, UK -- Technor ISIS’s MD Howard Gould and financial director John Hollis have completed a management buy out (MBO) of the company from Technor AS. The company now trades as iSiS-Ex Ltd.

Both men were instrumental in launching ISIS in the 1980s before the Norwegian-based Technor Group acquired the company in 1999.

As a result of the MBO, head office will move to Barkston House, Leeds, but the company’s R&D and production facility will remain in Malton, UK.

“Following the MBO we now have a clear strategy to develop and grow the business that takes full advantage of our industry sector knowledge and the loyalty and expertise of our staff,” says Gould. “It’s an ambitious strategy designed to deliver stretching growth targets that will include the introduction of some new and exciting products.”

07/28/2009

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