The shareholding of EAST ANGLIAN ELECTRONICS SINGAPORE PTE LTD has been sold to a local team in a management buy-out. EAE Group Limited (the UK former owner) required the company be renamed, hence Radiomarine Systems Pte Ltd.

The name may be new, but the company has supplied radio, telecoms, satellite and navigation systems for marine, industrial and government customers throughout SE Asia, for over 20 years.

Radiomarine Systems delivers reliable, cost effective technology for voice and data communications over radio, satellite, cable and fibre optics. Marine navigation equipment, including autopilots, radar, chart plotters, echo sounders and GPS receivers, are sold and supported. The Company’s mission is to use local resources to achieve sales growth through long-term relationships, which already include: R&B Falcon, Fina Minh Hai, Nippon Steel Construction, Marine Drilling and other key marine & offshore companies.

Despite a marine focus, Radiomarine supplies systems for land and aviation use too, including fixed and mobile radio, automatic vehicle location, air navigation ground equipment, and ground-to-air radio. All systems are supported by a design, engineering, integration, maintenance and repair capability. The Company is accredited with Government bodies such as Singapore Telecom, Singapore Technologies, Jurong and Sembawang Shipyards.

This is a friendly takeover. Radiomarine retains an association with EAE Group Limited, whose headquarters are in the North Sea oil capital, Aberdeen, Scotland. EAE, internationally known as a key provider of telecoms for the energy industry, also supplies high-speed data systems for heavy users like banks, funds transfer and airline services.

After three lean years in the Far East, EAE decided to scale down its presence there. Terry Bain, Group Managing Director, said: "We took a hard look at our operations and decided to concentrate on Europe and the Americas. It wasn’t an easy decision, so we were pleased to still have access to the local market." Incoming boss Clive Heightman has no illusions taking on a recession. "Times are tough, so are our workplace and our customers. However, our market is not as volatile as most, it moves in a different cycle, bucking the trend. It’s one where long term relationships mean a lot. We look forward to continuing our relationship with EAE under our new name, which we shall be using from today onwards."